Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Principal Residence
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Principal Residence
A Principal Residence refers to a dwelling where the Borrower maintains or will maintain their permanent place of abode, and which the Borrower typically occupies or will occupy for the majority of the calendar year. A person may have only one Principal Residence at any one time.
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