HUD 203(b) mortgage loan is a HUD insured real estate loan secured by a single family principal residence that is originated by a mortgage lender. The HUD insurance protects the lender against default from the borrower.
HUD 203(b) Mortgage Loan is also referred by HUD as Basic Home Mortgage Loan 203(b).
The key eligibility requirements are:
203(b) insured loans offers the following benefits to the borrower.
The lender may consider offering these loans due to the advantages listed below.
Updated: Mar 15, 2015