PROGRAM OBJECTIVES:
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.

ELIGIBLE FUNCTIONAL CATEGORIES:
1. HOUSING;
- Homebuying, Homeownership;
- Cooperatives, Rental;
- Multifamily;

WHO CAN BENEFIT FROM THIS PROGRAM:
- Small Business Person;

WHO CAN APPLY:
- Anyone/general public;