Property/Loan Eligibility. Criteria The subject property must be an owner-occupied, primary residence unless the borrower has relocated in the last 24 months, and provides documentation that the property was such borrower’s primary residence prior to relocation and satisfies certain other qualifying criteria. The unpaid principal balance of the borrower’s first lien mortgage cannot exceed $350,000 unless certain qualifying conditions are met. In no instance can the unpaid principal balance of the borrower’s first lien mortgage exceed $729,750. The subject property must be a one-unit, single-family residence (including condominiums and townhomes) located in Oregon,
Appears in 4 contracts
Samples: Hfa Participation Agreement, Hfa Participation Agreement, Hfa Participation Agreement
