§ 232.901 Mortgages covering existing projects are eligible for insurance.
Current through Aug 20, 2026 · Read all of Part 232
A mortgage executed in connection with the purchase or refinancing of an existing project without substantial rehabilitation may be insured under this subpart pursuant to section 223(f) of the Act. A mortgage insured pursuant to this subpart shall meet all other requirements of this part except as expressly modified by this subpart.
[59 FR 61228, Nov. 29, 1994]