Property/Loan Eligibility Criteria. The property must be a single-family home, a condominium unit, a townhome, a manufactured or mobile home on foundation permanently affixed to real estate owned by the borrower, or a two-four family dwelling unit of which one unit is to be occupied by the mortgagor as his or her principal residence. • Must be the borrower’s primary residence. • Property must be located in a Targeted Area. • Property must meet Florida HFA Homebuyer Loan Program purchase price limits as specified in the DPA Program Guide. • Meet all applicable Agency (FHA, VA, USDA-RD) or GSE (Xxxxxx Xxx & Xxxxxxx Mac) underwriting guidelines.
Appears in 5 contracts
Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement
