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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About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
The California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.

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Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

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Grants From the Department of Housing and Urban Development
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.

She also maintains Websites providing resources on environmental grants and grants for youth programs.

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First Time Homebuyer Programs in Virginia
In 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.

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