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Want More Information?
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YOU
CAN SUBSCRIBE to the Single Family Housing email list.
You will get frequent updates to the HOC Reference Guide,
training and event announcements, mortgagee letters and
notices about your Single Family mortgage business.
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What
is the purpose of this program?
To
provide mortgage insurance for a person to purchase or refinance
a principal residence. The mortgage loan is funded by a lending
institution, such as a mortgage company, bank, savings and loan
association and the mortgage is insured by HUD.
What
are the eligibility requirements?
- The
borrower must meet standard FHA credit qualifications.
- The
borrower is eligible for approximately 97% financing. The borrower
is able to finance the upfront mortgage insurance premium into
the mortgage. The borrower will also be responsible for paying
an annual premium.
- Eligible
properties are one-to-four unit structures.
- To
learn more about the mortgage limits in your area, go here.
For
More Information
Contact
FHA approved lenders in your area. Names of lending institutions
can be found in the yellow pages of the telephone directory under
the heading of "Mortgages." or you can search
for an FHA lender on HUD's website.
Visit
the FHA Resource Center
for more information on all FHA programs.
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