Class, Issue amount, Principal Payments, Maturity Date. The seller entrusts a pool of its auto loan receivables to the asset trustee. The asset trustee then issues the Class A through I Senior.
Most lenders will require 5% down with a conventional loan. However, the down payment could be 10% – 20%, or even higher for larger loan amounts.
The term "conforming" is most often used when speaking specifically about the mortgage amount, which must fall under a certain limit, known as the conforming-loan limit, set by the Federal Housing.