24 CFR 291.545 - Financing purchase of the home.

§ 291.545 Financing purchase of the home.
(a) Purchase using conventional financing. If the law enforcement officer, teacher, or firefighter/emergency medical technician uses conventional financing to purchase a home under the GNND Sales Program, the amount of the mortgage may not exceed the discounted sales price of the home.
(b) Purchase with FHA-insured mortgage.
(1) A law enforcement officer, teacher, or firefighter/emergency medical technician using an FHA-insured mortgage to finance purchase of the home may finance reasonable and customary closing costs with the FHA-insured mortgage.
(2) The amount of the FHA-insured mortgage may not exceed the discounted sales price of the home plus:
(i) The closing costs; and
(ii) The costs of rehabilitating and/or improving the home, where purchase of the home is being financed with an FHA-insured 203(k) rehabilitation loan (see 24 CFR part 203).
(c) Closing costs and selling broker's commissions. In no event will HUD pay a buyer's closing costs on the purchase of a property or a selling broker's commission through the GNND Sales Program.

Title 24 published on 2013-04-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 12 - BANKS AND BANKING

§ 1701 - Short title

§ 1701a - Short title of amendment of 1938

§ 1701b - Short title of amendment of 1942

§ 1701c - Secretary of Housing and Urban Development

12 U.S. Code § 1701c–1 - Omitted

§ 1701d - Repealed.

12 U.S. Code § 1701d–1, 1701d–2 - Repealed.

12 U.S. Code § 1701d–3 - Repealed.

12 U.S. Code § 1701d–4 - Exchange and assembly of housing and urban planning and development data; payment of expenses; acceptance of funds,...donations; approval of Secretary of State for international programs and activities

§ 1701e, 1701f - Repealed.

12 U.S. Code § 1701f–1 - Repealed.

§ 1701g to 1701g–3 - Omitted

12 U.S. Code § 1701g–4 - Omitted

12 U.S. Code § 1701g–5 - Revolving fund in connection with liquidating programs

12 U.S. Code § 1701g–5a - Transfer of New Communities Fund assets and liabilities

12 U.S. Code § 1701g–5b - Liquidation of New Communities Program; cancellation of debt

12 U.S. Code § 1701g–5c - Transfer of rehabilitation loan fund assets and liabilities

§ 1701h - Advisory committees; payment of transportation and other expenses

12 U.S. Code § 1701h–1 - Housing for elderly persons advisory committee

§ 1701i, 1701i–1 - Omitted

§ 1701j - Repealed. Aug. 2, 1954, ch. 649, title VIII,

12 U.S. Code § 1701j–1 - Builder’s certification as to construction

12 U.S. Code § 1701j–2 - National Institute of Building Sciences

12 U.S. Code § 1701j–3 - Preemption of due-on-sale prohibitions

§ 1701k - Right to redeem property on which United States has lien

12 U.S. Code § -

12 U.S. Code § -

§ 1701m - Credit and cancellation of notes transferred from Reconstruction Finance Corporation; net loss computation

§ 1701n - Reduction of vulnerability of congested urban areas to enemy attack

12 U.S. Code § -

§ 1701p - Contents of report to President and Congress

12 U.S. Code § 1701p–1 - Periodic report on residential mortgage delinquencies and foreclosures

12 U.S. Code § 1701p–2 - Default and foreclosure database

§ 1701q - Supportive housing for the elderly

12 U.S. Code § 1701q–1 - Civil money penalties against mortgagors under

12 U.S. Code § 1701q–2 - Grants for conversion of elderly housing to assisted living facilities and other purposes

12 U.S. Code § 1701q–3 - Funds for housing for elderly and persons with disabilities available for cost of maintenance and disposal of such properties

§ 1701r - Congressional findings respecting housing for senior citizens

12 U.S. Code § 1701r–1 - Pet ownership in assisted rental housing for the elderly or handicapped

§ 1701s - Rent supplement payments for qualified lower income families

§ 1701t - Congressional affirmation of national goal of decent homes and suitable living environment for American families

§ 1701u - Economic opportunities for low- and very low-income persons

§ 1701v - Congressional findings and declaration for improved architectural design in Government housing programs

§ 1701w - Budget, debt management, and related counseling services for mortgagors; authorization of appropriations

§ 1701x - Assistance with respect to housing for low- and moderate-income families

12 U.S. Code § 1701x–1 - Home inspection counseling

12 U.S. Code § 1701x–2 - Legal assistance for foreclosure-related issues

§ 1701y - National Homeownership Foundation

§ 1701z - New technologies in the development of housing for lower income families

12 U.S. Code § 1701z–1 - Research and demonstrations; authorization of appropriations; continuing availability of funds

12 U.S. Code § 1701z–2 - Advanced technologies, methods, and materials for housing construction, rehabilitation, and maintenance

12 U.S. Code § 1701z–3 - Experimental housing allowance payment program

12 U.S. Code § 1701z–4 - Abandoned properties demonstration project

12 U.S. Code § 1701z–5 - Demonstrations of heating or cooling residential housing utilizing solar energy

12 U.S. Code § 1701z–6 - Special housing need research and demonstration authority

12 U.S. Code § 1701z–7 - Studies to determine extent of need for counseling to mortgagors; report to Congress

12 U.S. Code § 1701z–8 - Energy conservation and renewable-resource demonstration

12 U.S. Code § 1701z–9 - Expansion of home ownership opportunities in urban areas

12 U.S. Code § 1701z–10 - Model rehabilitation guidelines in inspection and approval of rehabilitated properties; report to Congress

12 U.S. Code § 1701z–10a - Biennial survey of economic and housing market conditions

12 U.S. Code § 1701z–11 - Management and disposition of multifamily housing projects

12 U.S. Code § 1701z–12 - Housing access

12 U.S. Code § 1701z–13 - Solar energy for single-family and multifamily housing units

12 U.S. Code § 1701z–14 - Lower cost technology demonstration program

12 U.S. Code § 1701z–15 - Approval of individual residential water purification or treatment units

12 U.S. Code § 1701z–16 - Energy efficient mortgages pilot program

12 U.S. Code § 1701z–17 - Increasing access and understanding of energy efficient mortgages

§ 1709 - Insurance of mortgages

§ 1715b - Rules and regulations

12 U.S. Code § 1750aa to 1750jj - Omitted

U.S. Code: Title 42 - THE PUBLIC HEALTH AND WELFARE