503-799-3711 • workshopteam@rate.com • The Workshop Team @ Rate

Occupancy

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Whether or not and how you intend to occupy the property you are buying is an important part of your loan application. Your planned occupancy affects amount you are required to put down, interest rate, loan costs and even the availability of certain loan programs.


Additional resources

In addition to our glossary, we have a library of downloadable PDFs that cover adjustable rate mortgages, amortization, and other mortgage fundamentals.

Occupancy rules, 3 types of occupancy

Downloadable PDF

Occupancy

Gift Funds: Your Guide to Documentation, processing, underwriting

Downloadable PDF

Gift Fund
Documentation


Want to learn more? We have an ever-growing library on our YouTube channel.


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We have a growing YouTube library of videos covering every part of the mortgage process. Head over and explore, and don’t forget to subscribe (and turn on notifications so you don’t miss new videos!)


The Workshop Team are Employees of Rate, Inc.