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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter XXIV - Board of Directors of the Hope for Homeowners Program |
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Part 4001 - HOPE FOR HOMEOWNERS PROGRAM |
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Subpart B - Eligibility Requirements and Underwriting Procedures |
§ 4001.108 - Eligible properties.
Latest version.
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(a) A mortgage may be insured under the Program only if the property that is to be the security for the mortgage is a 1-to-4 unit residence.
(b) The following property types are eligible to secure a mortgage insured under the 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.