Sentences with phrase «as a primary residence»

To qualify, you must have owned and used the home as a primary residence for at least two years out of the five years leading up to the sale.

The coverage options and pricing for rental homes, vacation homes, seasonal homes, or homes used as a primary residence may be different.

Thirty - four percent of vacation - home buyers said they plan to use the property as a primary residence in the future, as did 10 percent of investment buyers.

In 1996, the reverse mortgage program is adjusted to allow for loans on residences that have up to four units as long as the borrower occupies one unit as their primary residence.

The home buyer must agree to use the home purchased as a primary residence through the term of the loan.

The home must serve as a primary residence and homeowners can not exceed income and purchase price limits.

The borrower originally pursued the property as a primary residence on the multiple listing service.

After two years their vacation home qualified as their primary residence.

They can not be held for personal use such as a primary residence, second home or vacation home.

I've bought 3 personal homes for myself over the years as a primary residence.

Many homeowner insurance forms use policy definitions that result in the home being insured (trap two) only as long as that named homeowners are living there as their primary residence.

Secondary residence: any residence that is not the primary residence of the buyer or seller nor will be used as a primary residence by anyone else (such as a tenant).

Hi, I wanted to know what the legal repercussions are of renting a home that you bought as your primary residence.

Another factor to keep in mind is that recreational property hasn't benefited from low interest rates as much as primary residences.

Generally speaking, single - family homes that are purchased as a primary residence pose the lowest risk of default.

We have a wide variety of programs available, and it is often just as easy to finance as your primary residence.

Today's refinance rates depend on whether your home is classified as a primary residence, vacation home, or rental property.

Could you imagine only being able to buy stocks in companies located in the same area as your primary residence?

You also need to have the home you intend to sell as your primary residence for at least two years of that same five - year period.

A second home or a vacation home not needing the same level of coverage as your primary residence.

That popularity extends to both retirees as well as to locals, who buy condos as primary residences, vacation homes and as investment properties.

You can use a conventional loan to buy a vacation home or an investment property, as well as a primary residence.

The ordinance stops applying to you the day you move in and establish the building as your primary residence.

Borrowers must occupy the new home as a primary residence within 60 days of closing.

The benefit of treating a boat or RV as your primary residence, is to take allowable homeowner tax deductions that can decrease your overall tax bill.

But because these properties are vacant more often or are rented out by guests, they need just as much protection as your primary residence.

Its pretty simple you must retain your home for 36 months as your primary residence.

Borrowers must occupy the property continuously as their primary residence.

A full 90 % of people buying a home as a primary residence choose to finance their purchase, meaning that they get a mortgage.

I want to purchase another home in another state as my primary residence.

This loan is for those who want to live on the property to be improved as the primary residence, it's not meant for landlords or investors.

Perfect as a primary residence or a dream vacation retreat, this is an opportunity to finally have your own piece of paradise.

Artists are encouraged (but not required) to use the studios as their primary residence.

Because residents don't «live» in the resort as their primary residence, everyone in the village is always on vacation.

I bought it at the height of the market as a primary residence and then rented out two years later when I moved.

The subject property must have been held, used and treated first as your primary residence and subsequently as an investment property or used in your trade or business.

To start, buying a property as a primary residence gives you more favorable financing terms as you can get a lower interest rate as an owner occupant compared to an investor loan.

If you are the only one on title, then you won't qualify for the Section 121 capital gain exclusion until you complete two years occupancy as a primary residence.

I just recently got my first contract accepted for a buyer as a primary residence!

They can only be used to buy a property for use as your primary residence.

The main requirement is that the qualifying borrower must live in one of the units as their primary residence.

Example: You moved to a long term care facility and don't occupy the property as your primary residence for 12 consecutive months.

Thirty percent plan to use the property as a primary residence in the future, and only 22 percent plan to rent to others.

It's the perfect size for a second home but big enough to serve as a primary residence.

Investment property can always be converted to personal use, such as a primary residence.

The borrower (s) moves out of the home for 6 months or greater and / or no longer lives there as their primary residence.

Generally speaking, single - family homes that are purchased as a primary residence pose the lowest risk of default.