Property Eligibility
Eligible
• 1-4 unit attached or detached primary residence including condos and PUDs.
• Condos must be FHA-approved or meet FHA guidelines for “Spot Approval.” See “Condos/Puds
section of this guide.
• HUD Repo properties – See ML-00-27
Ineligible
• Any property where the seller is not the owner of record.
• Any property being re-sold within 90 days of the seller’s acquisition date unless exempt.
• All non-owner occupied properties (except streamline refinance without appraisal).
• Properties that are not primarily residential in nature and use.
Ineligible
• Manufactured or mobile housing.
• Leasehold condos.
• Co-ops.
