[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-281823-105":53,"doc-detail-281823-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","mortgage-purchase-agreement-illinois-housing-development-authority-single-family-mortgage-purchase-program-iii","Mortgage Purchase Agreement - Illinois Housing Development Authority Single Family Mortgage Purchase Program III","","Mortgage Purchase Agreement for the Illinois Housing Development Authority’s Single Family Mortgage Purchase Program III. Defines key terms such as acquisition cost, affidavits, eligible borrowers, and program-linked designations, then sets obligations for the Authority and lender to purchase qualified mortgage loans. Establishes mortgage loan application procedures, underwriting criteria, commitment issuance, authority approval steps, submission and purchase requirements, fees and expense handling, insurance requirements, lender representations and covenants, default terms, agreement duration, lender repurchase rights, and miscellaneous provisions.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/mortgage-purchase-agreement-illinois-housing-development-authority-single-family-mortgage-purchase-program-iii/281823/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/mortgage-purchase-agreement-illinois-housing-development-authority-single-family-mortgage-purchase-program-iii/281823.png","ImageObject",442,249,{"name":88,"@type":89},"Alex Sinclair","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of the Mortgage Purchase Agreement under this program?","Question",{"text":108,"@type":109},"It governs how the Illinois Housing Development Authority and the lender handle the mortgage loan purchase process, including commitments, approvals, submissions, and related obligations.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Who qualifies as an Eligible Borrower?",{"text":113,"@type":109},"An eligible borrower must meet residency timing requirements, income limits for the area, intent to use the qualified dwelling as a permanent residence, and restrictions on prior ownership interest.",{"name":115,"@type":106,"acceptedAnswer":116},"What insurance and insurance-related requirements apply?",{"text":117,"@type":109},"The agreement requires private mortgage insurance and hazard/special hazard coverage, title insurance, pool insurance, and rules on assignments of interest in insurance policies.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},281823,1790138625,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141,"preview_page_count":4},1099523882182,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","MORTGAGE PURCHASE AGREEMENT  \nTable of Contents  \nSection 1. Definitions ................................................. 3  \nSection 2. Agreement to Purchase.......................................... 8  \nSection 3. Mortgage Loan Application Procedure .......................... 8  \n3.1 Application ............................................... 8  \n3.2 Underwriting Criteria ....................................... 8  \nSection 4. Recapture ............................................... 9  \n4.1 Description of Recapture .................................... 9  \n4.2 Requirement to Inform Prospective Eligible Borrowers ............................................... 9  \nSection 5. Issuance of Commitments by Lender .......................... 9  \nSection 6. Prior Approval by the Authority .............................. 9  \nSection 7. Submission and Purchase of Mortgage Loans .................... 10  \n7.1 Submission Requirements ................................... 10  \n7.2 Obligation to Purchase ..................................... 11  \n7.3 Possession of Mortgage Loan File ............................. 11  \n7.4 Fees and Charges of Lender ................................. 11  \n7.5 Payment of Expenses ....................................... 12  \nSection 8. Mortgage Loans Secured by Targeted Area Residences ........... 12  \nSection 9. Insurance ................................................ 12  \n9.1 Private Mortgage Insurance, Hazard Insurance and Special Hazard Insurance Requirements .................... 12  \n9.2 Title Insurance Requirements ............................... 12  \n9.3 Pool Insurance ........................................... 12  \n9.4 Assignments of Interest in Insurance Policies ................... 13  \nSection 10. Representations, Warranties and Covenants of Lender .......... 13  \n10.1 As of the Date of this Agreement ............................. 13  \n10.2 As of Each Mortgage Purchase Date .......................... 14  \n10.3 Additional Information ..................................... 19  \nSection 11. Default .................................................. 19  \nSection 12. Term of Agreement ........................................ 19  \nSection 13. Repurchase of Mortgage Loans by Lender ...................... 20  \nSection 14. Miscellaneous ............................................ 21  \nILLINOIS HOUSING DEVELOPMENT AUTHORITY  \nSINGLE FAMILY MORTGAGE PURCHASE PROGRAM III  \nMORTGAGE PURCHASE AGREEMENT  \nTHIS MORTGAGE PURCHASE AGREEMENT (this \"Agreement\"), dated as of   , 20  , by and between the ILLINOIS HOUSING DEVELOPMENT AUTHORITY (the \"Authority\"), a body politic and corporate of the State of Illinois, established pursuant to the Illinois Housing Development Act, 20 ILCS 3805/1 et seq. (the \"Act\"), having its office at 111 E. Wacker Dr., Suite 1000, Chicago, Illinois 60601, and    \n  (the \"Lender\"), having its principal office at    \n  ;  \nW I T N E S S E T H:  \nIn consideration of the mutual agreements contained in this Agreement, the Authority and the Lender agree as follows:  \nSection 1. Definitions.  \nAs used in this Agreement the following words and terms shall have the following meanings:  \n\"Acquisition Cost\": The total cost of acquisition of a Qualified Dwelling, computed in the manner prescribed in the Affidavit of Buyer.  \n\"Affidavit of Buyer\": The affidavit or affidavits in the forms prescribed by the Authority from time to time to be completed by persons applying for a Mortgage Loan, as such forms are completed.  \n\"Affidavit of Seller\": The affidavit or affidavits in the forms prescribed by the Authority from time to time to be completed by the seller of a residential housing unit that is sought to be acquired with the proceeds ofa Mortgage Loan, as such forms are completed.  \n\"Area of Chronic Economic Distress\": An area designated by the State as meeting the standards established by the State for purposes of Temporary Regulations, Section 6a.103A-2(b) (5) under the Internal Revenue Code of 1954, as","cbCaibd8HhtsLBdm","https://ap.wps.com/l/cbCaibd8HhtsLBdm","pdf",304723,36,"English","# Section 1. Definitions\n# Section 2. Agreement to Purchase\n# Section 3. Mortgage Loan Application Procedure\n## 3.1 Application\n## 3.2 Underwriting Criteria\n# Section 4. Recapture\n## 4.1 Description of Recapture\n## 4.2 Requirement to Inform Prospective Eligible Borrowers\n# Section 5. Issuance of Commitments by Lender\n# Section 6. Prior Approval by the Authority\n# Section 7. Submission and Purchase of Mortgage Loans\n## 7.1 Submission Requirements\n## 7.2 Obligation to Purchase\n## 7.3 Possession of Mortgage Loan File\n## 7.4 Fees and Charges of Lender\n## 7.5 Payment of Expenses\n# Section 8. Mortgage Loans Secured by Targeted Area Residences\n# Section 9. Insurance\n## 9.1 Private Mortgage Insurance, Hazard Insurance and Special Hazard Insurance Requirements\n## 9.2 Title Insurance Requirements\n## 9.3 Pool Insurance\n## 9.4 Assignments of Interest in Insurance Policies\n# Section 10. Representations, Warranties and Covenants of Lender\n## 10.1 As of the Date of this Agreement\n## 10.2 As of Each Mortgage Purchase Date\n## 10.3 Additional Information\n# Section 11. Default\n# Section 12. Term of Agreement\n# Section 13. Repurchase of Mortgage Loans by Lender\n# Section 14. Miscellaneous","[{\"question\":\"What is the purpose of the Mortgage Purchase Agreement under this program?\",\"answer\":\"It governs how the Illinois Housing Development Authority and the lender handle the mortgage loan purchase process, including commitments, approvals, submissions, and related obligations.\"},{\"question\":\"Who qualifies as an Eligible Borrower?\",\"answer\":\"An eligible borrower must meet residency timing requirements, income limits for the area, intent to use the qualified dwelling as a permanent residence, and restrictions on prior ownership interest.\"},{\"question\":\"What insurance and insurance-related requirements apply?\",\"answer\":\"The agreement requires private mortgage insurance and hazard/special hazard coverage, title insurance, pool insurance, and rules on assignments of interest in insurance policies.\"}]","Mortgage Purchase Agreement - Illinois Housing Development Authority Single Family Mortgage Purchase Program III | PDF",1789568356,13]