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Mortgage Program

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Mortgage Program

A bundle of mortgage characteristics that lenders view as comprising a distinct category.

The characteristics used include whether it is an FRM, ARM, or Balloon, the term, the initial rate period or the index on an ARM, whether it is FHA-insured or VA-guaranteed, and if it is not FHA or VA whether it is “conforming” (eligible for purchase by Fannie Mae or Freddie Mac) or “non-conforming.”
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The 203k mortgage program entails the procedures above with one addition.
Recognizing the Need for 203(k) Rehabilitation Financing by TPJaveton / Finance and Investment community
Some of the mortgage programs in this category are: Veteran''s Administration, Rural Housing Service and Federal Housing Administration.
Bal Harbour Real Estate Financing Mortgage Types by Mark Michael Ferrer / Real estate industry community
Instead, they suggested the government switch the recipients of the mortgage program to the typhoon victims and lower-income householders, so as to alleviate the government's financial burden.
Gov't to discontinue preferential mortgage program by The Taiwan Economic News
 
 
 
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