Dwelling Loan

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Dwelling Loan

A mortgage on the primary residence of an individual or family. This contrasts with a mortgage on an investment property or business property. Dwelling loans may be eligible for benefits from social programs for troubled homeowners, while other mortgages generally are not.
References in periodicals archive ?
Bank officials welcomed the initiative that limited dwelling loans with 75 percent.
Mortgage products reflecting the new rules include HOEPA loans (Homeownership Equity Protection Act), Higher-Priced Mortgage loans (HPM), and Consumer Principal Dwelling loans (CPD).