Eligible borrowers include the owner of the property to be improved, the person leasing the property (provided that the lease will extend at least 6 months beyond the date when the loan must be repaid), or someone purchasing the property under a land installment contract.
Please contact an FHA-approved lender for loan term information. To find an FHA-approved lender, visit:
http://www.hud.gov/ll/code/llslcrit.cfm
20 years | |
Market | |
$25,000 for one property, up to $60,000 for multiple units | |
Monthly | |
Not permitted | |
Varies |
To obtain an FHA insured mortgage, contact an FHA-approved lender.
To read more about this program, go to the program information website.
To contact a HUD Housing Counseling agency, search for an agency on the HUD website.
To contact the Federal Housing Administration (FHA), please use one of the following methods:
Visit:
The FHA Resource Center
Write to:
U.S. Department of Housing and Urban Development
Federal Housing Administration
451 Seventh St., SW
Washington, D.C. 20410
Call:
1-800-CALL-FHA (1-800-225-5342) or via Federal Information Relay Service (w/TTY): 1-800-877-8339
Email:
answers@hud.gov