When buying a house that is need of repair or modernization, homebuyers usually have to follow a complicated and costly ... buying or refinancing the property, borrowers may also consider HUDa#39;s Title I Home Improvement Loan program. ... off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed. ... Many of the rules and restrictions that make FHAa#39;s basic single-family mortgage insurance product (Section 203(b))anbsp;...
|Title||:||Home ownership and you|
|Author||:||United States. Dept. of Housing and Urban Development|