This mortgage insurance program (also called 203(b) mortgage insurance) is managed by the FHA (Federal Housing Administration). It allows you to keep your down payment as low as 3% of your home purchase price and have most of your fees and closing costs added to your mortgage loan.
The HUD program insures your mortgage so you can have a lower down payment and lower interest rate for your mortgage. For complete program details contact your local HUD Offices.
Fill out the Eligibility Form to verify if you are eligible for mortgage insurance programs, homeowner grants or any other type of government financial assistance for your home.