§ 257.108 - Eligible properties.

Latest version.

(a) A mortgage may be insured under the H4H program only if the property that is to be the security for the mortgage is a one-to-four unit residence.
(b) The following property types are eligible to secure a mortgage insured under the H4H program:
(1) Detached and semi-detached dwellings;
(2) A condominium unit;
(3) A cooperative unit; or
(4) A manufactured home that is permanently affixed to realty and is treated as realty under applicable state law, except state taxation law.

                    
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