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Condo unit must be your primary residence. FHA loan. You can search for FHA-approved condos through the U.S. Department of Housing and Urban Development (HUD) website. The qualifications for an ...
And if you’re looking to use an FHA mortgage, browse the listing of Federal Housing Administration approved condos found online to make sure any properties you have on your house-hunting list ...
FHA 203(k) rehab loan: The 203(k) rehab loan is a type of FHA construction loan designed for buying homes that need work. These loans provide buyers with financing for purchasing and renovating a ...
FHA also was tasked with chartering and regulating a national mortgage association that would buy and sell FHA-insured mortgages. In 1938, Congress amended the act to create the Federal National Mortgage Association, more commonly known as " Fannie Mae ", to help mortgage lenders gain further access to capital for mortgage loans.
www.hud.gov The United States secretary of housing and urban development (or HUD secretary ) is the head of the United States Department of Housing and Urban Development , a member of the president's Cabinet , and thirteenth in the presidential line of succession .
Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. [1] MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ...
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