251 loan

251 loan

A standard FHA-insured mortgage loan for one- to four-family residential properties at adjustable interest rates.The comparable fixed-rate program is called a 203(b) loan.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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Significant Concentration of Specially Serviced Loans and High Expected Losses: The pool is highly concentrated, with seven of the original 251 loans remaining.
Concentrated Pool: Only seven of the original 251 loans remain.
Concentrated Pool: Only 10 of the original 251 loans remain.