Rehabilitation Mortgage Insurance Program

by: TopGovernmentGrants Editorial Staff

The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

HUD's work is mostly geared towards the creation of strong and sustainable communities that contain safe and affordable homes for everyone.

One of HUD's programs is the Rehabilitation Mortgage Insurance Program wherein they intend to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

The Rehabilitation Mortgage Insurance Program works in such a way that will make it easier for families to apply for home repair mortgages.

The Department of Housing and Urban Development will form partnerships with credible lending institutions in order to make it possible for families to participate in the Rehabilitation Mortgage Insurance Program.

The funds that will be loaned out under the Rehabilitation Mortgage Insurance Program can be used to rehabilitate existing dwelling in one of four ways, including:

a) Purchasing an existing structure and the land on which the structure is located and rehabilitating it

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Rehabilitation Mortgage Insurance Program
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Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in New York
The State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.

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Alabama Housing Finance Authority
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.

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First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

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