Section 203(b) program

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf Federal housing program
gptkbp:administeredBy gptkb:Federal_Housing_Administration
gptkbp:allows Assumable mortgages
gptkbp:appliesTo One- to four-family residences
gptkbp:availableOn U.S. citizens and legal residents
gptkbp:compatibleWith Investment properties
Vacation homes
gptkbp:dateEnacted 1934
gptkbp:downPaymentRequirement Low down payment
https://www.w3.org/2000/01/rdf-schema#label Section 203(b) program
gptkbp:insurancePremium Mortgage insurance premium required
gptkbp:maximumLoanAmount Subject to FHA loan limits
gptkbp:partOf gptkb:National_Housing_Act
gptkbp:purpose Provide mortgage insurance for single-family homes
gptkbp:relatedTo gptkb:FHA_loan
gptkbp:requiredDocuments Flexible credit requirements
gptkbp:requires Primary residence occupancy
Property appraisal
gptkbp:targetAudience Homebuyers
gptkbp:typeOfLoan FHA-insured mortgage
gptkbp:bfsParent gptkb:Federal_Housing_Administration
gptkbp:bfsLayer 4