Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-04-02 - Homeownership Program
Section 0770-04-02-.04 - LOAN PURPOSES
Universal Citation: TN Comp Rules and Regs 0770-04-02-.04
Current through September 24, 2024
A loan may be made to any eligible applicant for the purposes of:
(1) Financing a home constructed for use as the personal or family permanent residence of the applicant.
(2) Purchasing an existing building to be used as the personal or family permanent residence of the applicant.
(3) Purchasing an existing building which has been substantially rehabilitated by the owner of such substantially rehabilitated property or by any third party or business entity.
(a) The owner of property may obtain a
loan for the purposes of substantially rehabilitating said property provided
that the requirements incident to the sale of bonds and notes of the agency are
complied with if applicable.
Authority: Public Acts of 1986, Chapter 510.
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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