Property/Loan Eligibility Criteria. Current, unpaid principal balance (“UPB”) (includes the interest- bearing unpaid principal balance and any existing non-interest bearing forbearance balance) of the first-lien mortgage loan is not greater than $729,750. • The property securing the mortgage loan must not be abandoned, vacant or condemned. • The applicant must own and occupy the single family, 1-4 unit home (an attached or detached house or a condominium unit) located in California and it must be their primary residence. Mobile homes are eligible if they are permanently affixed to the real property that is secured by the first lien.
Appears in 9 contracts
Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement
