StacksVerified U.S. regulatory reference

24 CFR §206.39

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The property must be the principal residence of each borrower, and if applicable, Eligible Non-Borrowing Spouse, at closing.
  2. (b)HECM for Purchase. For HECM for Purchase transactions, each borrower, and if applicable, Eligible Non-Borrowing Spouse, must occupy the property within 60 days from the date of closing.