HUD | HUD.gov / U.S. Department of Housing and Urban ...
local government will hold the first mortgage under a "home-loan. program" of that unit of government. If such a "home-loan program" will. provide the mortgage, the homebuyer must pay whatever downpayment is. required under the unit of government's program (which may be less than. 2 . 10%). The Grantee would have obtained approval from HUD to ... ................
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