Sentences with phrase «to occupy the property as one's 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.

If you are a same sex couple where one partner was a Borrower at loan origination and the other a Non-Borrower the Mortgagee Letter states you must have been in a committed relationship and occupy the property as your primary residence at origination.

Your landlord's homeowner's policy does not cover your personal property, and probably won't even protect the DW since the owner is no longer occupying the property as a primary residence.

g) Properties acquired by inheritances within the past 12 months are eligible for a cash - out refinance transaction provided they have been occupying the property as their primary residence since the inheritance.

Service members who secure a VA purchase loan have to certify that they intend to personally occupy the property as their primary residence.

The Lender is required to foreclose if the borrower does not occupy the property as their primary residence.

Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; Not be suspended or debarred from participation in federal programs.

If you will occupy the property as your primary residence, you can use this program to finance a fixer - upper with one long - term loan.

USDA buyers will need to occupy the property as their primary residence.

You do not need to intend to occupy the property as your primary residence.

• Must be a Service Member, Veteran, or eligible surviving spouse • Must occupy property as primary residence

And as noted, you need to occupy the property as your primary residence.

Borrowers must complete and return an annual occupancy certificate stating the occupy the property as their primary residence (even though this is not a requirement in the reverse mortgage contract).

All Veterans Administration home loan borrowers must certify that they will occupy the property as their primary residence.

Yes, as long as you occupy the property as your primary residence.

OCCUPANCY — The borrower is required to occupy the property as their primary residence.

Financial Freedom, the Servicer filed a wrongful foreclosure claiming my mom didn't live in the house - ignoring the occupancy certificates sent in, the representative they sent to our door who verified she lived there, our letters and those of our attorney stating she occupied the property as her primary residence at all times.

The rule for VA, FHA and USDA home loans is that the buyer must intend to occupy the property as a primary residence.

The consequence of a decision on the part of the underwriter to not agree with a homebuyer's intent to occupy a property as a primary residence can lead to larger down payment requirements and inferior interest rates due to non-owner occupied lending guidelines and rates.

The consequence of a decision on the part of the underwriter to not agree with a homebuyer's intent to occupy a property as a primary residence can lead to larger down payment requirements and inferior...

You must certify that you will occupy the property as your primary residence and move in within 60 days of closing.

There are many times when a homebuyer truly intends to occupy a home as a primary residence only to be told by a mortgage underwriter and subsequently their loan officer that their claim of having the intention to occupy a property as a primary residence was not adequately credible.

Yet the VA program is reserved for those who will occupy the property as a primary residence and can't be used to finance rental homes.

The down payment can be as low as 3 % of the purchase price and this is for borrowers who will occupy the property as their primary residence.

Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; and not be suspended or debarred from participation in federal programs.

You do not need to intend to occupy the property as your primary residence.

USDA buyers will need to occupy the property as their primary residence.

To my knowledge, the requirement to occupy the property as a primary residence is only removed when doing an IRRRL.

Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; Not be suspended or debarred from participation in federal programs.