Browsing Mortgage Glossary by Number

Numerically categorized mortgage glossary terms you may have heard while participating in the home purchase process or by navigating this directory.

203(b)
FHA‘s single family program which provides mortgage insurance to lenders to protect against the borrower defaulting; 203(b) is used to finance the purchase of new or existing one to four family housing; 203(b) insured loans are known for requiring a low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount.
203(k)
This FHA mortgage insurance program enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan.

"." HUD.gov. U.S. Department of Housing and Urban Development, n.d. Web. .