← Back to Results

Owner-Occupied Dwellings (OOD)

A housing unit is owner-occupied if the owner lives in the unit, even if it is mortgaged or not fully paid for. The owner or co-owner must live in the unit and usually is Person 1 on the questionnaire. The unit is “Owned by you or someone in this household with a mortgage or loan” if it is being purchased with a mortgage or some other debt arrangement such as a deed of trust, trust deed, contract to purchase, land contract, or purchase agreement. The unit also is considered owned with a mortgage if it is built on leased land and there is a mortgage on the unit. Mobile homes occupied by owners with installment loan balances also are included in this category.

Source: Census Bureau

Submit a Question

Let us know what specific questions we can help you with (we may even add your question to our knowledge base).

Related

There are no related articles.

Submit a Question

Let us know what specific questions we can help you with (we may even add your question to our knowledge base).