Housing
> Mortgage Insurance: Purchase of a Cooperative Housing Unit
Program Description:
This program can help individuals buy a single family home. While HUD does not lend money directly to buyers to purchase a home, FHA-approved lenders make loans through a number of FHA-insurance programs.
General Program Requirements:
In order to qualify for this benefit program, you must be a member of a housing cooperative or interested in purchasing a unit in a cooperative housing project.
Status
Active
Loan Terms:
Please contact an FHA-approved lender for loan term information. To find an approved lender, please visit:
http://portal.hud.gov/portal/page?_pageid=73,1827603&_dad=portal&_sche...
Application Process:
For more information, see the Program Contact Information below.
Program Contact Information:
To read more about the home buying process, please visit:
http://www.hud.gov/buying/index.cfm
To read more about this program, go to:
http://www.hud.gov/offices/hsg/mfh/progdesc/coop213.cfm
To obtain a FHA-insured mortgage, look in your local Yellow Pages under "Mortgages" or contact a FHA-approved lender:
http://www.hud.gov/ll/code/llplcrit.html
Managing Agency:
U.S. Department of Housing and Urban Development
http://www.hud.gov/
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