Sentences with phrase «minimum owner occupancy»
Currently the minimum owner occupancy ratio is 50 percent — a level that critics in Congress and the real estate industry believe excludes too many first - time and minority buyers from access to FHA financing.
http://www.chicagotribune.com/ Not exact matches
As for the 1 year owner occupancy requirement, though I do not see it specifically state a minimum time in the hand book, I do see majority of people say the 1 year minimum occupancy is written in their loan agreement.
In July, legislation that passed Congress unanimously gave FHA 90 days to lower its owner - occupancy minimum to 35 percent or provide «justification» for keeping it higher.