; and (D) a unit of general local government, as defined in section 102 of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5302 ). (3) Eligible home The term eligible home means a residential dwelling, including a unit in a condominium or cooperative project or a manufactured housing unit, that meets the requirements of section 5. (4) Eligible mortgage loan The term eligible mortgage loan means a residential mortgage loan that meets the requirements of section 6. (5) First-generation homebuyer The term first-generation homebuyer means a homebuyer that is— (A) an individual— (i) whose parents or legal guardians do not, or did not at the time of their death, to the best of the individual’s knowledge, have any present ownership interest in a residence in any State, excluding ownership of heir property or ownership of chattel; and (ii) whose spouse or domestic partner has not, during the 3-year period ending upon acquisition of the eligible home to be acquired using such assistance, had any present ownership interest in a residence in any State, excluding ownership of heir property or ownership of chattel, whether the individual is a co-borrower on the loan or not; or (B) an individual who has at any time been placed in foster care or institutional care whose spouse or domestic partner has not, during the 3-year period ending upon acquisition of the eligible home to be acquired using such assistance, had any ownership interest in a residence in any State, excluding ownership of heir property or ownership of chattel, whether such individuals are co-borrowers on the loan or not. (6) Heir property The term heir property means residential property for which title passed by operation of law through intestacy and is held by 2 or more heirs as tenants in common. (7) Ownership interest The term ownership interest means any ownership, excluding any interest in heir property, in— (A) real estate in fee simple; (B) a leasehold on real estate under a lease for not less than 99 years which is renewable