Loan Glossary
Plain-English definitions for every term you'll encounter in the loan process
Showing 2 terms
starting with U
U
Underwriting
GeneralThe process by which a lender evaluates a borrower's application, credit, income, assets, and the property to determine whether to approve the loan and on what terms.
USDA Loan
MortgageA zero-down-payment mortgage guaranteed by the U.S. Department of Agriculture for eligible rural and suburban properties. Designed to help low-to-moderate income borrowers in qualified areas.