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800.966.4PMI (4764) www.pmi-us.com Owner-Occupied PURCHASE & RATE/ TERM REFINANCE FULL DOC STANDARD HIGH-BALANCE LOANS LT V / DISTRESSED LOAN C LT V LTV/CTV 1 AMOUNT 1 Unit SD 97/97 (attached, 2 detached

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How to fill out owner-occupied

How to fill out owner-occupied:

01

Begin by providing your personal information, including your full name, address, and contact details.

02

Indicate the type of property you own and intend to occupy, such as a house, apartment, or condominium.

03

Specify the purpose of the property, whether it will be used exclusively as your primary residence or for additional purposes like home-based business or rental income.

04

Include details about the property's ownership, such as whether you are the sole owner or co-owner with another individual.

05

If you have a mortgage on the property, provide information about the lender and the loan, including the loan balance, interest rate, and monthly payments.

06

Briefly explain any arrangements related to the property, such as shared ownership or lease agreements, if applicable.

07

Review your answers carefully to ensure accuracy before signing and dating the form.

Who needs owner-occupied:

01

Property owners who intend to occupy the property themselves rather than using it as a rental or investment property.

02

Individuals or families looking to secure loans or financing for their primary residence.

03

Homeowners who want to provide accurate information to insurance companies or local authorities regarding the occupancy status of their property.

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What is owner-occupied?

Owner-occupied refers to a property that is occupied by its owner as their primary residence.

Who is required to file owner-occupied?

Homeowners who live in and own a property that is their primary residence are required to file owner-occupied.

How to fill out owner-occupied?

To fill out owner-occupied, homeowners need to provide relevant information about their primary residence, such as the property address, ownership details, and any applicable exemptions or deductions.

What is the purpose of owner-occupied?

The purpose of owner-occupied is to accurately assess the value of residential properties and determine appropriate property taxes.

What information must be reported on owner-occupied?

Homeowners must report information such as the property address, ownership details, occupancy status, and any applicable exemptions or deductions.

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