Personal loans up to 500k

Bridge Loan: A temporary loan, usually less than 12 months, provided to a borrower when the net proceeds from a sale of a prior residence are not available for the purchase of a new home.

It is intended that a bridge loan will be paid off with the net proceeds from the prior residence's sale. Close of Escrow: The meeting between the buyer, seller and lender (or their agents) where the property and funds legally change hands.

Certification of Eligibility : Form signed by campus representative certifying that the applicant is eligible for Program participation and the amount of the loan allocation. Also known as form OLP-30. Community Property: Property acquired by husband and wife, or either, during marriage, personal loans up to 500k not acquired as the separate property of either. Co-Borrower: Any individual who will assume responsibility on the loan, take a title interest in the property and intends to occupy the property as their primary residence.

Co-Signer: Any individual who will assume responsibility on the loan, but who will not take a title interest in the property nor occupy the property. Curtailment: An additional payment made to reduce the principal balance of a loan.

Current MOP Rate: MOP rate currently in effect for Program loans.

Personal loans up to 500k

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Personal loans up to 500k

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Personal loans up to 500k