Borrower Principal Residence Sample Clauses

Borrower Principal Residence. Borrower understands that funds are provided under a Parkview Services purchase assistance program, using HUD funds provided by the City. Borrower further understands the intent of the program is to provide assistance for first-time homebuyer households where at least one member of the household has a permanent disability as defined by the ADA to finance the Property only so long as it is my and that family member’s principal residence. Borrower represents that he/she/they are using the proceeds of the Note to buy a Qualifying Home, which is located at the address stated above, and that the home is to be used as my and my qualifying family member’s principal residence.
Sample 1
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Borrower Principal Residence. Borrower understands that funds are provided under a Lender’s purchase assistance program, using HOME funds provided by the City of Xxxxxxx (the “City”). Borrower understands the intent of the program is to provide assistance for first-time homebuyers to finance the Property only so long as it is my principal residence. I represent that I am using the proceeds of this Note to buy a Qualifying Home, which is located at the address stated above, and that the home is to be used as my principal residence.
Sample 1

Related to Borrower Principal Residence

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