Examples of PITI in a sentence
CalHFA MAC will structure the assistance as a non-recourse, non-interest bearing subordinate loan in favor of the Eligible Entity (CalHFA MAC) secured by a junior lien recorded against the property in the amount of the total reduced PITI (principal, interest, tax, insurance, as applicable) and any escrowed homeowner’s association dues or assessments, and equal to the total amount of HHF unemployment assistance.
Goals The goal of the UBP is to cover a portion of PITI for eligible unemployed and substantially underemployed homeowners, allowing them to: 1) Secure re-employment in their occupation; or 2) Access training made available through the Indiana Department of Workforce Development that will help them secure employment in a new occupation.
Additionally, participants who enroll as unemployed borrowers and regain employment while receiving assistance from HomeSaver, but at a wage that is 75% or less of their pre- hardship employment wage, can continue to receive assistance as underemployed borrowers, assuming all eligibility criteria are met, including gross income at or under 120% of AMI and such that the monthly mortgage payment (PITI) is greater than 38% of the participant’s gross monthly income (LifeLine and Mortgage Assistance).
Payments of PITI for up to fifteen (15) months (twenty-four (24) months for applications initiated on or after October 1, 2013).
Pending the sale of the home, shall be awarded occupancy of the home, payment of the PITI shall be paid by payment of utilities shall be paid by Award: Husband /or/ Wife shall be awarded the real estate.
Affordability shall be defined to require that total housing costs for principal, interest, taxes and insurance ("PITI") shall not exceed thirty percent (30%) of gross family income.
Goals The primary goal is to reduce first mortgage principal balances with respect to at least 3,000 homeowners throughout the State of Nevada such that their loan to value ratios are reduced to 115% or less and correspondingly, the PITI payment reduced to 31% or less of the homeowner’s gross income.
Provider agrees to apply MIHAF funds towards principal, interest, taxes, and insurance (collectively PITI).
If either Buyer or Seller fails to perform pursuant to any aspect of this Purchase Contract, the defaulting party may be liable for the other party's damages (e.g., consequential damages, including but not limited to, "PITI", etc.).
Goals The goal of the UBP is to cover a portion of PITI for eligible unemployed homeowners, allowing them to: 1) Secure re-employment in their occupation; or 2) Access training made available through the Indiana Department of Workforce Development that will help them secure employment in a new occupation.