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What is the Mortgagors Affidavit?

April 26, 2017Affidavit mortgagor

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What is the Mortgagors Affidavit?

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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.