What is the Mortgagors Affidavit?
This document is used by the Federal Housing Administration to insure the loan, or by the Veterans Administration to guarantee the loan, or by a Private Mortgage Insurance Company to insure the loan. This document also verifies or not the Borrower intends to occupy the property as a primary residence. It also determines if a property is located in a Special Flood Hazard Area. This document will need to be signed and notarized.