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Adjustable Rate Mortgages
Published on AidPage by IDILOGIC on Jun 24, 2005
Possible uses and use restrictions...
HUD insures lenders against loss on mortgage loans. These loans may be used to finance the purchase of proposed, under construction, or existing one- to four-family housing as well as to refinance indebtedness on existing housing. The maximum insurable mortgage loan for an occupant mortgagor is the same as prescribed for Section 203(b) - program 14.117.
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