An eligible borrower shall: Be one or more members of a household that owns or is purchasing, and shall hold title to, an eligible residence as set forth in Regulation .06 of this chapter; Be 18 years old or older, unless married to a joint borrower who is 18 years old or older; Meet income eligibility requirements as may be determined from time to time by the Secretary both for eligible borrowers and for tenants of multi-unit residences financed under the Program in accordance with Housing and Community Development Article, §4-218, Annotated Code of Maryland; Reside or intend to reside after purchase in an eligible property; Have legal capacity to incur the obligations of the loan; and Agree to comply with the loan terms and requirements established by the Administration.