Sentences with phrase «used as a primary residence»

You must have owned the home, and used it as your primary residence, during at least two of the five years before the date of sale.

Purchasing a multi-unit rental property to use as your primary residence has its benefits, both in terms of short - term, cash - flow profits; and, long - term gains of equity.

In the event both husband and wife are deceased, the exemption can be continued for the veteran's dependent mother, father, child or children under 21 who have legally received the property and who use it as their primary residence.

Under state and city rent regulations, tenants can continue renewing the lease in their rent - stabilized apartments for as long as they use it as a primary residence, and landlords can increase rent only by an annual percentage set by a city board.

We lend on most types of 1 - 4 unit residential properties used as primary residences, second homes, and investment properties.

You must have owned the home, and used it as your primary residence, during at least two of the five years before the date of sale.

The property is an existing single family home and will be used as a primary residence.

Take the number of years the house was not used as a primary residence and divide by the total period of time the home has been owned starting January 1, 2009.

We offer condo refinance and purchase financing assistance for eligible properties being used as primary residences, second homes, or investment properties.

With many of our condominiums refinancing options, properties can be used as primary residences, second homes, or rental properties.

Properties may be used as primary residences, second homes, or investment properties.

Investment property mortgage rates are higher than what you'd pay if you bought the property for use as a primary residence or second home, so bear that in mind if you plan to buy a rental property.

Houseboats used as a primary residence can not be insured on your boat policy.

The purpose of this loan program is to enable eligible low and moderate income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence.

The previous VA loan must have been paid in full and the second home purchased must be used as a primary residence.

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

Note that FHA loans for multiunit homes require that one unit be used as your primary residence.

When the property is sold or no longer used as a primary residence, the cash you received in a line of credit or payment, interest, and other HECM finance charges must be repaid.

Thousands of homeowners do it every year, opening mortgages for homes that won't be used as their primary residences.

The VA - guaranteed loan can be used to purchase a home to be used as a primary residence or refinance an already existing loan.

These mortgage products are offered for a full range of properties including single - family homes, town houses and condominiums, whether used as a primary residence or investment property.

The Manufacturer of this unit certifies that it is a Park Model Recreational Vehicle designed only for recreational use, and not for use as a primary residence or for permanent occupancy.

If you want to build a tiny house with the intent of keeping it relatively stationary (not moving it more than once every 3 years or so) and using it as your primary residence, you will have a way to do that (assuming your jurisdiction has adopted the tiny house Appendix Q or is willing to recognize the appendix even if it has yet to be locally adopted).

If approved, this would become a model code for all tiny houses used as a primary residence within the United States.

Home insurance is intended to insure a home being used as a primary residence.

Houseboats used as a primary residence can not be insured on your boat policy.

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

In divorce cases that were filed prior to October 1, 2006, a court has limited authority over a home owned by a divorcing couple that is used as their primary residence.

Hello BP community, I am in process to purchase a short - sale property to be used as my primary residence and am looking into financing options.

They just need to intend to use it as a primary residence and then live there for a certain period of time.

However, under some circumstances, the replacement property can eventually be used as a primary residence at some point in the future.

When the home is sold or no longer used as a primary residence, the cash, interest and other HECM finance charges must be repaid.

Once you have lived in and used it as your primary residence for at least 24 months you can sell the property and qualify for the 121 tax - free exclusion.

The purpose of this loan program is to enable eligible low - and moderate - income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence.

The only requirement with this strategy is that you move into the investment property (i.e. convert it from investment property into your primary residence) and live in and use it as your primary residence for at least 24 months.

The 121 exclusion can only be used in conjunction with real property that has been held and used as your primary residence.

As far as the property, it needs to be used as your primary residence.

Closing Disclosure Statement must indicate the property is going to be used as a primary residence.

You can't have owned a home within the last three years and the home you intend to purchase must be for use as your primary residence.

But private home owners aren't the only ones interested in buying and selling real estate; that's one of the reasons for the strict FHA requirements that single - family FHA home loan borrowers certify the property is to be used as the primary residence.

In the case of a dual use property, such as ranch, retail store, duplex or triplex, the Investor can defer taxes on the portion of the property used for business or investment under Section 1031 of the Internal Revenue Code and exclude capital gain on the portion used as the primary residence under Section 121 of the Internal Revenue Code.

In the case where a property is used simultaneously as a primary residence and for rental, investment or use in a trade or business, the 121 exclusion would be applied to the portion used as a primary residence and the 1031 exchange would be applied to the portion that is used for rental, investment or use in a trade or business.

VA Loans can be used for many different types of purchases as long as the property is intended to be used as your primary residence.

Not exact matches

• 35 % of retirees have less than $ 1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions; 53 % have less than $ 25,000.

Provided that the title to the property is in the name of the veteran's unremarried, surviving spouse, who continues to use the home as the primary residence.

-LSB-...] city guidelines require rent - stabilized to be used only as primary residences.

The union's proposal, announced with great fanfare by UFT boss Michael Mulgrew, is to increase property - tax receipts by placing an added burden on housing owners who do not use their City apartment as their primary residence.

Children and youth who have a primary nighttime residence that is a private or public place not designed for or ordinarily used as a regular sleeping accommodation for human beings.

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.

Occupancy restrictions also apply: You must use the home as your primary residence and move into the house within a certain amount of time — usually 30 to 60 days — within closing.