Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-01-02 - Homeownership Loan Program
Section 0770-01-02-.22 - VETERANS WITH TOTAL DISABILITY

Universal Citation: TN Comp Rules and Regs 0770-01-02-.22

Current through September 24, 2024

The Agency will make Homeownership Loans to veterans with 100 % disability to enable them to purchase specially adapted housing. Such loans shall be made in accordance with the regulations contained in Chapters 0770-1-1 and 0770-1-2 except that the following terms shall have the following meanings for the purpose of these loans:

(1) Eligible Mortgagor shall mean an applicant who meets the requirements of Rule 0770-1-2-.04, who is 100% disabled, and who is eligible for a Veterans Administration grant for Specially Adapted Housing for Disabled Veterans.

(2) Gross Annual Income means the income described in Rule 0770-1-1-.01(13) but does not include compensation received from the Veterans Administration due to disability.

(3) Eligible Property means a property which meets the requirements of Rule 0770-1-2-.05 except that the sales price of such property may exceed the amount stated in Rule 0770-1-2-.05 by the amount of the grant which the veteran will receive from the Veterans Administration for Specially Adapted Housing for Disabled Veterans.

Authority: T.C.A. § 13-23-115(18).

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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