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Loan types, such as non-conforming loans, government loans, conventional adjustable-rate mortgages, and bond loans, are not eligible. Location: The borrower's verified current permanent payday loans muskogee ok address must be located in an eligible area or the subject property the borrower is purchasing must be located in an eligible area.

Occupancy: The borrower must occupy the subject property they are purchasing as their muskoge residence. Possible tax implications: If the customer chooses to accept the grant, the funds received may be considered additional taxable income and will be reported on Form MISC for the primary borrower the first person listed on the loan on the application.

This means the borrower may owe taxes on that additional income. The grant funds received may also affect muskogfe eligibility for income-based assistance, such as government programs like student loan payment relief or other government payments that may be based on income. Before accepting credit inion grant, please have the customer speak with their tax advisor to understand please click for source their taxes may payday loans muskogee ok affected by this grant.

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