Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
Part 221 - Low Cost and Moderate Income Mortgage Insurance - Savings Clause |
Subpart A - Eligibility Requirements - Low Cost Homes - Savings Clause |
Insurance Under 221(d)(2) |
§ 221.21 - Maximum mortgage amount—limitations on refinancing.
Latest version.
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In addition to the limitations set forth in §§ 221.10, 221.11, and 221.20, in any case involving refinancing, the mortgage shall not exceed the estimated cost of repair and rehabilitation and the amount, as determined by the Commissioner, required to refinance the existing indebtedness secured by the property.