View all text of Subpart E [§ 232.901 - § 232.906]
§ 232.901 - Mortgages covering existing projects are eligible for insurance.
A mortgage executed in connection with the purchase or refinancing of an existing project without substantial rehabilitation may be insured under this subpart pursuant to section 223(f) of the Act. A mortgage insured pursuant to this subpart shall meet all other requirements of this part except as expressly modified by this subpart.