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Mortgage Loans Debt
Platinum Boarder |
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Rehabilitation Mortgage Insurance - 2007/05/08 18:43
Program Description
This program may help individuals finance the cost of purchasing and rehabilitating their new or existing home. While HUD does not lend money directly to buyers to purchase a home, FHA-approved lenders make loans through a number of FHA-insurance programs.
General Program Requirements
In order to qualify for this benefit program, you must be a current or prospective homeowner who is planning to repair or improve a residential structure that is more than one year old.
Loan Terms
Market Interest Rate, with variable Upfront Fees and no Pre-payment penalties. Maximum Loan Length 30 years. Maximum Loan Amount is based on area loan limit. Monthly Payment Frequency.
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Loans
