Subpart B. Subpart B—Eligibility; Endorsement

• § 206.9 - Eligible mortgagees.
• § 206.13 - Disclosure of available HECM program options.
• § 206.15 - Insurance.

• Eligible Mortgages

  • SECTION § 206.17 - Eligible mortgages: general.
  • SECTION § 206.19 - Payment options.
  • SECTION § 206.21 - Interest rate.
  • SECTION § 206.23 - Shared appreciation.
  • SECTION § 206.25 - Calculation of disbursements.
  • SECTION § 206.26 - Change in payment option.
  • SECTION § 206.27 - Mortgage provisions.
  • SECTION § 206.31 - Allowable charges and fees.
  • SECTION § 206.32 - No outstanding unpaid obligations.

• Eligible Borrowers

  • SECTION § 206.33 - Age of borrower.
  • SECTION § 206.34 - Limitation on number of mortgages.
  • SECTION § 206.35 - Title of property which is security for HECM.
  • SECTION § 206.36 - Seasoning requirements for existing non-HECM liens.
  • SECTION § 206.37 - Credit standing.
  • SECTION § 206.39 - Principal residence.
  • SECTION § 206.40 - Disclosure, verification and certifications.
  • SECTION § 206.41 - Counseling.
  • SECTION § 206.43 - Information to borrower.
  • SECTION § 206.44 - Monetary investment for HECM for Purchase program.

• Eligible Properties

  • SECTION § 206.45 - Eligible properties.
  • SECTION § 206.47 - Property standards; repair work.
  • SECTION § 206.51 - Eligibility of mortgages involving a dwelling unit in a condominium.
  • SECTION § 206.52 - Eligible sale of property-HECM for Purchase.

• Refinancing of Existing Home Equity Conversion Mortgages

  • SECTION § 206.53 - Refinancing a HECM loan.

• Deferral of Due and Payable Status

  • SECTION § 206.55 - Deferral of due and payable status for Eligible Non-Borrowing Spouses.
  • SECTION § 206.57 - Cure provision enabling reinstatement of Deferral Period.
  • SECTION § 206.59 - Obligations of mortgagee.
  • SECTION § 206.61 - HECM proceeds during a Deferral Period.