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Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects
Published on AidPage by IDILOGIC on Jun 24, 2005
Purpose of this program:
To provide mortgage insurance to HUD-approved lenders for the purchase or refinancing of existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. The program allows for the long term mortgages that can be financed with Government National Mortgage Association (GNMA) Mortgage-Backed Securities Program.
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