24 C.F.R. § 206.39

Current through May 31, 2024
Section 206.39 - Principal residence
(a) The property must be the principal residence of each borrower, and if applicable, Eligible Non-Borrowing Spouse, at closing.
(b)HECM for Purchase. For HECM for Purchase transactions, each borrower, and if applicable, Eligible Non-Borrowing Spouse, must occupy the property within 60 days from the date of closing.

24 C.F.R. §206.39

82 FR 7117, 9/19/2017