Tenn. Comp. R. & Regs. 0770-01-02-.22 - VETERANS WITH TOTAL DISABILITY
The Agency will make Homeownership Loans to veterans with 100 % disability to enable them to purchase specially adapted housing. Such loans shall be made in accordance with the regulations contained in Chapters 0770-1-1 and 0770-1-2 except that the following terms shall have the following meanings for the purpose of these loans:
(1) Eligible Mortgagor shall mean an applicant who meets the requirements of Rule 0770-1-2-.04, who is 100% disabled, and who is eligible for a Veterans Administration grant for Specially Adapted Housing for Disabled Veterans.
(2) Gross Annual Income means the income described in Rule 0770-1-1-.01(13) but does not include compensation received from the Veterans Administration due to disability.
(3) Eligible Property means a property which meets the requirements of Rule 0770-1-2-.05 except that the sales price of such property may exceed the amount stated in Rule 0770-1-2-.05 by the amount of the grant which the veteran will receive from the Veterans Administration for Specially Adapted Housing for Disabled Veterans.
Authority: T.C.A. § 13-23-115(18).
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