Or. Admin. Code § 813-022-0060

Current through Register Vol. 63, No. 12, December 1, 2024

Section 813-022-0060 - [Effective 5/2/2025] Eligible Borrowers and Residences

(1) A borrower is eligible for a mortgage loan under the program if they meet the eligibility requirements set forth in the OHCS Flex Lending Program Guideline Manual.

(2) A residence is eligible for a mortgage loan under the program if:

(a) The property is residential property located in Oregon;

(b) The property contains one to four residential dwelling units.

(c) The property is structurally sound and functionally adequate; and

(d) The property meets the requirements of the Department's Servicer.

Or. Admin. Code § 813-022-0060

OHCS 1-2023, adopt filed 02/06/2023, effective 2/8/2023; OHCS 47-2024, temporary amend filed 11/04/2024, effective 11/4/2024 through 5/2/2025

Statutory/Other Authority: ORS 456.555

Statutes/Other Implemented: ORS 456.555