Examples of Eligible Dwelling in a sentence
Prospective rental income from boarders in a one-family Eligible Dwelling is not included in total gross income of the applicant for underwriting purposes.
Provide a description of the definition of income used to determine eligibility All dwelling units to be weatherized shall be determined eligible in such a manner to ensure that each weatherized unit meets the qualifications of CFR 440.22 Eligible Dwelling Units.
All amounts paid, either in cash or in kind, by the Eligible Borrower (or a related party for the benefit of the Eligible Borrower) to the Seller (or a related party or for the benefit of the Seller) as consideration for the Eligible Dwelling.
The reasonable costs of completing the residence, whether or not the cost of completing construction is to be financed with the Mortgage Loan, if the Eligible Dwelling is incomplete.
Unless the residence can reasonably be expected to become the principal residence of the Eligible Borrower(s) within six (6) months, the residence will not be considered an Eligible Dwelling and therefore may not be financed with a FHA 203(k) Standard or 203(k) Limited Rehabilitation Mortgage Loan.