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Real Estate Definitions for the letter "2"
2 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z     New Search

203(B) - An FHA program that provides mortgage insurance to protect lenders from default; used to finance the purchase of new or existing one- to four family housing; characterized by low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount.

203(K) - The FHA mortgage insurance program that enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan.

203-B LIMIT - The dollar limit in each county for how much of a home's value can be used to determine the amount of money you can get from a federally insured HECM reverse mortgage; the name comes from Section 203-b of the National Housing Act.

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2 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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