Examples of Qualified homebuyer in a sentence

SUBRECIPIENT is required to sell the 5 Project to a Qualified Homebuyer and repay COUNTY with the proceeds from the sale.
Concurrent with the sale of the Unit to a Qualified Homebuyer, Developer shall transfer title to the real property beneath the Unit (“Unit Property”) to the City.
At the time of the sale of the Property to Qualified Homebuyer, COUNTY shall cause to be delivered to Borrower a partial reconveyance of the Deed of Trust from such Property.
Continued Affordability Period shall mean the period of no less than twenty (20) consecutive years from the close of escrow of the sale of the Property to a Qualified Homebuyer.
Sale, rental, refinance, 23 conveyance, transfer or change in title of the Project prior to the 24 expiration of the Affordability Period in violation of the Homebuyer 25 Deed of Trust will cause the Qualified Homebuyer to be obligated to 26 repay COUNTY shared equity, in addition to the principal amount of 27 the Homebuyer Subsidy, as provided in the Homebuyer Deed of 28 Trust to COUNTY.

More Definitions of Qualified homebuyer

Qualified homebuyer means an applicant who:

Qualified homebuyer. ’ means a homebuyer—

Qualified homebuyer means a person that has entered into a sales contract to purchase highly efficient new residential construction and will be selling the person's existing residence in order to purchase the highly efficient new residential construction as the person's primary residence.

Qualified homebuyer means a homebuyer who meets the requirements of subdivision

Qualified homebuyer means the person or individuals entering into this Agreement with the Town and first identified above. At the close of the Home Escrow, the Qualified Homebuyer shall: (i) have an Annual Income, which does not exceed the household income qualification limits for a (income category); (ii) shall be a First-Time Homebuyer; (iii) pay no more than an Affordable Sales Price for the Home pursuant to the terms of the purchase transaction for the Home, including all sums payable by the Qualified Homebuyer for its purchase money mortgage financing, insurance, escrow and other fees and costs; and (iv) shall meet all the restrictions for first mortgages as set forth in the Procedures Manual.

Qualified homebuyer means a member(s) of a household earning less than eighty percent (80%) of the current Area Median Income at the time of conveyance.

Qualified homebuyer means a First Time Homebuyer that is a Lower Income Household or a Moderate Income Household.