{"data":{"id":"us/24-cfr-206.39","jurisdiction":"us","citation":"24 CFR 206.39","heading":"Principal residence.","body":"(a) The property must be the principal residence of each borrower, and if applicable, Eligible Non-Borrowing Spouse, at closing.\n(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.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES","PART 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE","Subpart B—Eligibility; Endorsement"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"0e91672d47422316c089e511100937a821720645ecf62f832bfb9d8474507e6c","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-206.37","next":"us/24-cfr-206.40"},"notice":"GroundRules: Original legal text. Not legal advice."}