Real Estate Terms Glossary
What is a Certificate of Eligibility?
A Certificate of Eligibility, or COE, is a document that informs your lender whether or not an individual meets eligibility requirements to receive a loan. It provides the lender with additional information such as fixed assets and titles. Without this certificate, you cannot buy a share of a lease. Usually, lease revenues secure the certificates of eligibility.
Certificate of Eligibility Examples
Examples of Certificate of Eligibility include:
- Example 1: Good credit score
- Example 2: Duration and reason of any financial disruption
- Example 3: Standard municipal financing
Here is a comprehensive article about the certificate of eligibility.
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