This Affidavit of Occupancy and Financial Status form is for buyer(s) to certify at the time of closing that he/she/they will occupy the property as his/her/their primary residence and that there has been no change in his/her/their financial status since the time the loan application was made.
Tucson Arizona Affidavit of Occupancy and Financial Status
Category:
State:
Arizona
City:
Tucson
Control #:
AZ-CLOSE88
Format:
Word;
Rich Text
Instant download
Description
How to fill out Arizona Affidavit Of Occupancy And Financial Status?
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FAQ
Occupancy Permit Duly accomplished Certificate of Completion, signed by owner/ applicant, signed and sealed by respective architect/ engineers, Forms are available at the Office of the Building Official. Photocopy of all Approved Permit Application Forms ( Back & front) Copy of Approved Construction Plans/Blueprints.
Changing your home loan from an owner-occupied to an investment loan. If you've decided to use your home as an investment property, you'll need to notify your lender that the property is no longer owner-occupied. That's because a different mortgage product might apply for an investment property.
As for the final occupancy permit, the Contractor shall secure it but he shall not be responsible to the Owner if the license is not issued or there was delay in its issuance for reasons that are not attributable to the Contractor's fault.
The term ?non-owner occupied property? is expository. A non-owner-occupied property is one in which the owner does not occupy the property. Non-owner-occupied properties have higher loan rates than properties that are owner occupied.
Owner Occupancy Guidelines In general, you'll need to move into the property within 60 days of closing. Additionally, you'll need to live in the property for at least 12 months to qualify as an owner occupant with most lenders.
In order to prove their intent to live on the property (and not use it as a second home or investment), buyers will need to check the ?Primary Residence? box in the Uniform Residential Loan Application they file with their chosen mortgage lender.
A certificate of occupancy is required for the following projects: New commercial and residential structures. Tenant improvement of a newly occupied space. Tenant improvement or remodel that involves a change in the occupancy type.
Lending companies cannot force a homeowner to live in a home when they have legitimate reasons ?? or even desires ?? to move. However, to get out of the owner-occupancy clause on a primary residence home loan, the owner should be able to prove that they had every intention of occupying the home at the time of purchase.
A guest house shall meet the following Zoning Requirements: Shall be no larger than forty-five percent of the floor area of the main dwelling. Only one guest house per lot shall be allowed.
For questions about Certificates of Occupancy please contact the Building Official at BuildingOfficial@tucsonaz.gov. A new CofO can only be issued following the issuance of a building permit and performance of inspections to assure compliance with the current codes governing the proposed occupancy.
