Examples of Eligible Mortgagor in a sentence
The mortgagor furnishes the lender an earnest money sales agreement or construction contract entered into by the seller/builder of a Residence and the Eligible Mortgagor.
Lenders are responsible for making a preliminary determination to see if the potential Eligible Mortgagor will qualify for the mortgage loan.
The Reservation of Funds and Rate Commitment committed to an Eligible Mortgagor may be transferred from one property to another with the prior approval of the Authority.
Prior to making a reservation request, the lender must have taken a mortgage loan application from a potential Eligible Mortgagor.
Eligible Mortgagor A Mortgagor is eligible to participate in the program subject to the following express conditions: (a) The Mortgagor is the owner-occupant of Eligible Property.