Applicant intake date definition
Applicant intake date or “Application date” means for ownership projects, the date that a Sponsor qualifies a household for repairs on an AHP-assisted owner-occupied unit or for a mortgage loan that will be used to purchase a specific AHP-assisted unit.
Applicant intake date or “Application date” means for ownership projects, the date that a Sponsor qualifies a household for repairs on an AHP-assisted owner-occupied unit or for a mortgage loan that will be used to purchase a specific AHP-assisted unit. This date should be no more than 180 days from the date a Pre-approval Request is submitted to the FHLB.