source:
  type: guide
  id: hud-4000-1-ii-h-programs-and-products
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — h. Programs
    and Products (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — h. Programs
    and Products (05/09/2022).
  coverage_tier: operative
obligations:
- id: hud-4000-1-ii-h-programs-and-products-full
  canonical_id: hud-4000-1-ii-h-programs-and-products-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part II — h. Programs
    and Products (05/09/2022)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — h. Programs
      and Products (05/09/2022)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: 'h. Programs and Products (05/09/2022) i. Manufactured Home Lot
      Loans and Combination Loans The FHA Title I Manufactured Home Loan program also
      insures Manufactured Home Lot Loans and Combination Loans. Manufactured Home
      Lot Loans and Combination Loans are subject to the same policies and guidelines
      as Manufactured Home Loans. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      E. Title I Insured Programs 4. Manufactured Home Loan Program Handbook 4000.1
      1133 Last Revised: 11/26/2025 Policies and guidelines that apply specifically
      to Manufactured Home Lot Loans or Combination Loans are detailed throughout
      this section. ii. Manufactured Home Lot A manufactured home lot may consist
      of a deeded parcel of real estate, a lot in a subdivision or a lot in a PUD.
      A manufactured home lot may also consist of an interest in a manufactured home
      Condominium Project, including any interest in the common areas, or a share
      in a cooperative association which owns and operates a manufactured home community.
      The lot must comply with HUD’s requirements for a suitable manufactured home
      site. Manufactured Home Lot Loans A Manufactured Home Lot Loan is used to purchase
      a parcel of real estate to be used as a site for placement of a Manufactured
      Home. A Manufactured Home Lot Loan may include the cost to develop the lot to
      make it a suitable site for a Manufactured Home, including onsite water and
      utility connections, sanitary facilities, site improvements and landscaping.
      (A) Definition Manufactured Home Lot Loan refers to a Loan for the purchase
      or refinancing of a portion of land acceptable to HUD as a manufactured home
      lot. The manufactured home lot may consist of platted or unplatted land, a lot
      in a recorded or unrecorded subdivision or in an improved area of such subdivision,
      or a lot in a PUD. A manufactured home lot may also consist of an interest in
      a manufactured home Condominium Project (including any interest in the common
      areas) or a share in a cooperative association which owns and operates a manufactured
      home park. (B) Eligibility Requirements The following eligibility requirements
      apply to Manufactured Home Lot Loans: • ownership of the lot must be held in
      Fee Simple, except when the lot consists of a share in a cooperative association
      which owns and operates the manufactured home community; and • the Manufactured
      Home must be placed on the lot and occupied as the Borrower’s Principal Residence
      within six months after the date of the Loan. (C) Maximum Loan Amounts The loan
      amount must not exceed the Maximum Loan Amount restrictions for: • Nationwide
      Loan Limits; • minimum downpayment requirements; • Minimum Decision Credit Score
      limitations; • maximum LTV; and II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      E. Title I Insured Programs 4. Manufactured Home Loan Program Handbook 4000.1
      1134 Last Revised: 11/26/2025 • LTV calculations applicable to the loan transaction
      type for the manufactured home lot. The UFIP may be added to the Base Loan Amount,
      not to exceed the Nationwide Loan Limit. The maximum Base Loan Amount is determined
      by applying the appropriate LTV factor (95 percent or 90 percent) to the lesser
      of: • the appraised value of an already developed lot plus financeable fees
      and charges; or • the purchase price of the lot plus development costs plus
      financeable fees and charges. (D) Loan Term The maximum term for a Manufactured
      Home Lot Loan must not exceed 15 years and 32 Days from the date of the Loan.
      iii. Combination Loan A Combination Loan is used to purchase a Manufactured
      Home and a parcel of real estate on which the unit will be placed in a single
      loan transaction. The lot must comply with HUD’s requirements for a suitable
      manufactured home site. A Combination Loan may also be used to combine the refinancing
      of an existing Manufactured Home Loan with the acquisition of a lot, or the
      refinancing of a Manufactured Home Lot Loan with the acquisition of a Manufactured
      Home. (A) Eligibility Requirements In addition to the guidelines specified in
      Manufactured Home Lot, the following requirements apply to Combination Loans.
      (1) Lot Ownership Title for the lot must be owned by the Borrower and held in
      Fee Simple, except when the lot consists of a share in a cooperative association
      which owns and operates the manufactured home community. (2) Home Ownership
      The Manufactured Home must be treated as Personal Property or Chattel when it
      retains its vehicle title (or certificate of title). II. ORIGINATION THROUGH
      POST-CLOSING/ENDORSEMENT E. Title I Insured Programs 4. Manufactured Home Loan
      Program Handbook 4000.1 1135 Last Revised: 11/26/2025 Title to the Manufactured
      Home must be held in Fee Simple if the Manufactured Home is classified as realty
      by the state or locality in which the Property is located, and the vehicle title
      is surrendered and canceled. (3) Principal Residence Only The Manufactured Home
      must be placed on the lot and occupied as the Borrower’s Principal Residence
      within six months of the date of the Loan. (4) Maximum Loan Limit The loan amount
      must not exceed the Maximum Loan Amount restrictions for: • Nationwide Loan
      Limits; • minimum downpayment requirements; • Minimum Decision Credit Score
      limitations; • maximum LTV; and • LTV calculations applicable to combination
      Manufactured Home and lot property types, which is described below. The maximum
      loan amount for a Combination Loan is further limited by the cost or value of
      the lot and home as follows: (1) The minimum downpayment and maximum LTV requirements
      must be calculated using the total purchase price of the Manufactured Home and
      lot. (2) The total purchase price of a Manufactured Home and lot may include
      Eligible Options and Accessories. (3) If the Borrower already owns a Manufactured
      Home or a lot on which a Manufactured Home is to be placed, the Borrower’s equity
      in such a home or lot may be accepted in lieu of full or partial cash downpayment.
      (4) When equity in a home or lot is used to meet any portion of the downpayment
      requirement, the Loan may not allow any cash back to the Borrower. (5) The UFIP
      may then be added to be Base Loan Amount, provided that the Total Loan Amount
      does not exceed the Nationwide Loan Limit. (B) Loan Term The maximum loan term
      for a single unit Combination Loan may not exceed 20 years and 32 Days from
      the date of the Loan. The maximum loan term for a multi-unit Combination Loan
      may not exceed 25 years and 32 Days from the date of the Loan. II. ORIGINATION
      THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs 4. Manufactured
      Home Loan Program Handbook 4000.1 1136 Last Revised: 11/26/2025 (C) Interim
      Interest on Lot The Lender may not charge the Borrower interim interest on the
      money advanced to pay for the lot. (D) Security Instrument In addition to compliance
      with the security instrument standards, the security instrument must attach
      to the Real Property as well as to the Manufactured Home. The security instrument
      must be in proper form and properly recorded to create a valid and enforceable
      lien against the Property. iv. Title I Refinance Transactions (A) Definition
      A Refinance Transaction establishes a new Loan to pay off the existing debt
      for a Borrower with legal title to the subject Property. The refinance Loan
      may also advance additional funds for the purchase of a home or lot, which is
      also referred to as a Combination Loan. (B) Types of Title I Refinances (1)
      Cash-Out or Cash Back (Not Permitted) A Cash-Out Refinance is a refinance of
      any Loan that advances additional credit to the Borrower, or for which the loan
      proceeds are used for ineligible purposes. A Cash Back Refinance or a transaction
      that provides cash back to the Borrower is not permitted for the Manufactured
      Home Loan program. (2) No Cash-Out (a) Title I to Title I Refinance An existing
      Title I insured Manufactured Home Loan may be refinanced with or without an
      advance of additional funds that is used to add an eligible property type. Title
      I Refinances are categorized into three possible refinance types. (i) Simple
      Title I Refinance A Simple Title I Refinance refers to a no cash-out refinance
      of an existing Title I insured Manufactured Home Loan, Manufactured Home Lot
      Loan, or Combination Loan. The proceeds of a Simple Refinance are exclusively
      used to pay off the existing debt plus eligible fees and charges. II. ORIGINATION
      THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs 4. Manufactured
      Home Loan Program Handbook 4000.1 1137 Last Revised: 11/26/2025 (ii) Streamline
      Refinance (Non-credit Qualifying) A Streamline Title I Refinance refers to the
      refinance of an existing Title I insured Loan for which the Lender is not required
      to perform credit or capacity analysis or obtain an appraisal. (iii)Title I
      Refinance with Advance of Funds An existing Title I insured Manufactured Home
      Lot Loan or Manufactured Home Loan may be refinanced with an advance of additional
      funds to purchase a manufactured home unit or lot. This type of refinance will
      result in a new Combination Loan. (b) Conventional to Title I Refinance Proceeds
      from a new Title I insured Loan may be used to pay off an existing Manufactured
      Home Loan, Manufactured Home Lot Loan, or Combination Loan that is not insured
      by HUD. Conventional to Title I Refinances are categorized into two possible
      refinance types. (i) Regular Conventional to Title I Refinance An existing conventional
      Manufactured Home Loan, Manufactured Home Lot Loan, or Combination Loan that
      was not insured by HUD may be refinanced with a new Title I insured Loan. The
      proceeds of a regular refinance are exclusively used to pay off the existing
      debt plus eligible fees and charges. (ii) Conventional Refinance with Advance
      of Funds An existing conventional Manufactured Home Loan may be refinanced with
      an advance of additional funds to purchase a lot on which to place the home.
      Similarly, an existing conventional Manufactured Home Lot Loan may be refinanced
      with an advance of additional funds to purchase a manufactured home unit. This
      type of refinance will result in a new Combination Loan. (C) FHA-Insured to
      FHA-Insured Refinances FHA-Insured to FHA-Insured refinances may be used with
      any refinance type. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT E. Title
      I Insured Programs 4. Manufactured Home Loan Program Handbook 4000.1 1138 Last
      Revised: 11/26/2025 (D) Borrower Occupancy Requirements (1) Standard Refinances
      may be used only for Principal Residences. (2) Required Documentation The Lender
      must review the Borrower’s employment documentation or obtain utility bills
      to evidence that the Borrower currently occupies the Property with a manufactured
      unit as their Principal Residence. (E) Disclosure to Borrower: “Notice to Borrower
      of HUD’s Role” For each new Title I insured Loan, a Notice to Borrower of HUD’s
      Role in Title I Loans must be issued and acknowledged by all Borrowers. (F)
      Premium Charges Every new Title I Loan requires payment of a UFIP charge, and
      annual premium. (G) Loan Maturities The maximum term for the new refinance must
      not exceed: Loan Type Maximum Loan Term Manufactured Home Loan 20 years and
      32 Days Manufactured Home Lot Loan 15 years and 32 Days Combination Lot and
      Single Unit Manufactured Home 20 years and 32 Days Combination Lot and Multi-unit
      Manufactured Home 25 years and 32 Days (H) Limit on Total Time Period In the
      case of a refinance of a previous Title I Loan, the total time period from the
      date of the original Loan to the final maturity of the refinanced Loan must
      not exceed the maximum term permitted for a new Loan of the same type. (I) Existing
      Loan Payoff Amount (1) Standard A loan payoff statement is required on all Title
      I Loans secured by the Property that will be paid off with the new Title I Loan.
      II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs
      4. Manufactured Home Loan Program Handbook 4000.1 1139 Last Revised: 11/26/2025
      (2) Required Documentation The Lender must obtain the payoff statement for all
      existing Loans. (J) Note and Security Requirements (1) Standard Refinancing
      requires the Borrower(s) to execute a new Note. The new Note must comply with
      the same requirements as an original Title I Loan and must be properly secured.
      (2) Required Documentation The Borrower(s) must execute a new Note. The Lender
      must obtain and record a new security instrument and ensure a release of the
      original lien unless state law permits a renewal and extension of the original
      lien. (K) Original Title I Case Binder For a Title I to Title I Refinance, copies
      of all documents pertaining to the original Title I Loan must be retained in
      the refinance case binder. (L) Conditions for Refinance by Loan Type (1) Streamline
      Refinance (Non-credit Qualifying) Streamline Refinance may be used when the
      proceeds of the Loan are used to extinguish an existing Title I insured Loan
      with first place lien. An existing Manufactured Home Loan and/or Manufactured
      Home Lot Loan that is not Title I insured is not eligible for a non-credit qualifying
      Streamline Refinance transaction. (a) Lender of Record Only Only the Lender
      that owns the Title I Loan according to HUD’s records may Streamline Refinance
      an existing Title I Loan. Another Lender would need to obtain the Loan from
      the current Lender of record through sale, assignment or transfer in order for
      the Loan to be eligible for a Streamline Refinance transaction. The sale, assignment
      or transfer of the Loan must be reported to HUD as required in the Servicing
      Title I Manufactured Home Loan Program section. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      E. Title I Insured Programs 4. Manufactured Home Loan Program Handbook 4000.1
      1140 Last Revised: 11/26/2025 (b) Co-maker or Co-signer on Existing Loan The
      Lender must require any co-makers or Co-signers on the original Note to be obligated
      on the refinance Note. To release a co-maker or Co-signer from liability on
      an existing Note, the Lender must obtain pre-approval from HUD. (c) Previous
      Assumption A Loan that was assumed may be refinanced only if the original Borrower
      and any intervening assumptors were released from liability, either at the time
      the Loan was assumed or through permission from HUD. (d) Maximum Loan Amount
      The maximum loan amount of a Streamline Refinance is limited to the cost of
      prepaying the existing Loan, plus Financeable Fees and Charges, and the new
      UFIP. An existing Title I Loan that is in Default may be refinanced, but not
      for an amount greater than the original principal balance of the Loan. The UFIP
      may be added, not to exceed the Nationwide Loan Limits. (e) Credit Analysis
      Lenders are not required to conduct credit or capacity analysis or obtain an
      appraisal. (2) Simple Title I Refinance An existing Title I insured Manufactured
      Home, Lot or Combination Loan may be refinanced to pay off an existing Title
      I Loan, without an advance of additional funds or cash back to the Borrower.
      (a) Lender of Record Only Only the Lender that owns the Title I Loan according
      to HUD’s records may refinance an existing Title I Loan. Another Lender would
      need to obtain the Loan from the current Lender of record through sale, assignment
      or transfer in order for the Loan to be eligible for a Simple Refinance transaction.
      The sale, assignment or transfer of the Loan must be reported to HUD in compliance
      with form HUD-27030, Title I Transfer of Note Report, requirements. II. ORIGINATION
      THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs 4. Manufactured
      Home Loan Program Handbook 4000.1 1141 Last Revised: 11/26/2025 (b) Previous
      Assumption A Loan that was assumed may be refinanced only if the original Borrower
      and any intervening assumptors were released from liability, either at the time
      the Loan was assumed or through permission from HUD. (c) Maximum Loan Amount
      The maximum loan amount of a Simple Title I Refinance is limited to the cost
      of prepaying the existing Loan, plus Financeable Fees and Charges, and the new
      UFIP. Cash back to the Borrower is not permitted. (d) Loan in Default The existing
      Title I Loan must not be in Default. (e) Credit Qualification Lenders must underwrite
      the Simple Title I Refinance Loan to ensure compliance with Title I credit and
      capacity requirements. An appraisal is not required. (f) Original Case Binder
      Copies of all documents pertaining to the original Title I Loan must be retained
      in the case binder of the refinanced Loan. (3) Title I Refinance with Advance
      of Funds An existing Title I insured Manufactured Home Loan or Manufactured
      Home Lot Loan may be refinanced with an advance of additional funds to purchase
      a manufactured home unit or lot. This type of refinance will result in a new
      Combination Loan. (a) Lender of Record Only Only the Lender that owns the Title
      I Loan according to HUD’s records may refinance an existing Title I Loan. Another
      Lender would need to obtain the Loan from the current Lender of record through
      sale, assignment or transfer in order for the Loan to be eligible for a Title
      I refinance with advance of funds transaction. The sale, assignment or transfer
      of the Loan must be reported to HUD in compliance with form HUD-27030 requirements.
      II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs
      4. Manufactured Home Loan Program Handbook 4000.1 1142 Last Revised: 11/26/2025
      (b) Loan in Default The existing Title I Loan must not be in Default. (c) Previous
      Assumption A Loan that was assumed may be refinanced only if the original Borrower
      and any intervening assumptors were released from liability, either at the time
      the Loan was assumed or through permission from HUD. (d) Maximum Loan Amount
      (i) Base Loan Amount The cost of the UFIP charge may be added to the Base Loan
      Amount, not to exceed the Nationwide Loan Limits for the transaction. An advance
      of loan proceeds or cash back to the Borrower is not permitted. (ii) Refinance
      of a Home Loan with Advance to Purchase a Lot The maximum base Combination Loan
      amount is limited to: • the existing debt on the Manufactured Home Loan; plus
      • Eligible Fees and Charges associated with the new Loan; plus • the lesser
      of: o the purchase price of the lot and any development costs; or o the appraised
      value of the lot. (iii)Refinance of a Manufactured Home Lot Loan with Advance
      of Funds to Purchase New Home The maximum base Combination Loan amount is limited
      to the existing debt on the Title I Manufactured Home Lot Loan, plus the sum
      of the following items eligible to be financed for the purchase of a New Manufactured
      Home multiplied by the appropriate LTV factor (95 percent or 90 percent): •
      130 percent of the sum of the wholesale (base) price of the home plus eligible
      itemized options, including the charge for freight, as detailed on the Manufacturer’s
      Invoice or found on the Wholesale (Base) Price List; • sales tax to be paid
      by the Borrower, as detailed in the retail sales contract; • Dealer’s actual
      cost of transportation to the home site, set-up and anchoring, including the
      rental of wheels and axles (if not included in the freight charges); II. ORIGINATION
      THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs 4. Manufactured
      Home Loan Program Handbook 4000.1 1143 Last Revised: 11/26/2025 • Dealer’s actual
      cost for skirting, garage, carport, patio, or other appurtenance, and for the
      purchase and installation of a central air conditioning system or heat pump
      (if not installed by the manufacturer); and • fees and charges that may be financed.
      (iv) Refinance of a Title I Manufactured Home Lot Loan with Advance of Funds
      to Purchase Existing Home The maximum Base Loan Amount is limited to: • the
      existing Title I debt on the Manufactured Home Lot Loan; plus • Eligible Fees
      and Charges associated with the new Loan; plus • the appropriate LTV Factor
      (95 or 90 percent) applied to the lesser of: o the purchase price of the home,
      including costs to the Borrower for all items described in the sales contract
      and any eligible options as documented in the file; or o the appraised value
      of the home as described in the sales contract, including any eligible options
      itemized in the sales contract or documented in the file. (e) Underwriting and
      Documentation Requirements The refinance of a Manufactured Home Loan or Manufactured
      Home Lot Loan to a new Combination Loan will increase the loan amount and be
      subject to all other underwriting and processing requirements for the Manufactured
      Home Loan program. (f) Appraisal Requirements For refinances with advance of
      funds to purchase a lot, the Lender must obtain a HUD-approved appraisal of
      the lot. (g) Original Case Binder Copies of all documents pertaining to the
      original Title I Loan must be retained in the case binder of the refinanced
      Loan. (h) Placement Certificate A new form HUD-56002-MH is required for the
      addition of the manufactured home unit to the lot. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      E. Title I Insured Programs 4. Manufactured Home Loan Program Handbook 4000.1
      1144 Last Revised: 11/26/2025 (4) Conventional to Title I Refinance An existing
      conventional Manufactured Home Loan, Manufactured Home Lot Loan, or Combination
      Loan that was not insured by HUD may be refinanced with a new Title I insured
      Loan under the following conditions. (a) Loan Default The original Loan must
      not be in Default. (b) Existing Borrowers Must Be Retained The Lender must require
      all Borrowers, including co-makers or Co-signers, on the original Note to be
      obligated on the refinance Note. (c) Maximum Loan Amount (i) Conventional to
      Title I Refinance with no Advance of Funds The maximum Base Loan Amount for
      a Conventional to Title I Refinance with no advance of funds is the lesser of
      the cost of prepaying the existing Loan or the appraised value of the Property.
      The cost of the UFIP charge may be added to the Base Loan Amount, not to exceed
      the Nationwide Loan Limits. An advance of loan proceeds or cash back to the
      Borrower is not permitted. (ii) Refinance with Advance of Funds to Purchase
      a Lot The maximum base Combination Loan amount is limited to: • the existing
      debt on the Manufactured Home Loan; plus • Financeable Fees and Charges associated
      with the new Loan; plus • the lesser of: o the purchase price of the lot and
      any development costs; or o the appraised value of the home and lot as determined
      by a HUD-approved appraisal. (iii) Refinance with Advance of Funds to Purchase
      a Home To determine the maximum Base Loan Amount for a refinance of a conventional
      Loan and purchase of a New Manufactured Home, the Lender must follow the same
      calculation requirements as described for a Refinance of a Title I Manufactured
      Home Lot Loan with Advance of Funds to Purchase New Home. II. ORIGINATION THROUGH
      POST-CLOSING/ENDORSEMENT E. Title I Insured Programs 4. Manufactured Home Loan
      Program Handbook 4000.1 1145 Last Revised: 11/26/2025 To determine the maximum
      Base Loan Amount for a refinance of a conventional Loan and purchase of an Existing
      Manufactured Home, the Lender must follow the same calculation requirements
      as described for a Refinance of a Title I Manufactured Home Lot Loan with Advance
      of Funds to Purchase Existing Home. (d) Placement Certificate A new form HUD-56002-MH
      is required for the addition of the manufactured home unit to the lot. (e) Underwriting
      and Documentation Requirements All Conventional to Title I Refinance Loans are
      subject to all other underwriting and processing requirements for the Manufactured
      Home Loan program. Borrowers on the refinanced Loan must demonstrate acceptable
      credit and meet qualifying ratios. (f) Appraisal Requirements For a Conventional
      to Title I Refinance, the Lender must obtain an appraisal on the secured Property
      that complies with appraisal requirements. For a Conventional Refinance with
      Advance of Funds to purchase a lot, the Lender must obtain a HUD-approved appraisal
      of the home and lot. An appraisal is not required for refinance with advance
      of funds to purchase a new home. However, an appraisal must be obtained when
      the advance of funds purchases an existing home. (g) Co-maker or Co-signer on
      Existing Conventional Loan The Lender must require the co-makers or Co-signers
      on the original Note to be obligated on the refinance Note. To release a co-maker
      or Co-signer from liability on the Note, the Lender must obtain pre-approval
      from HUD. (h) Previous Assumption A Loan that was assumed may be refinanced
      only if the original Borrower and any intervening assumptors were released from
      liability. (M) Refinancing Title I Loans that Were Originated on or Prior to
      June 1, 2009 The 10 percent portfolio reserves limitation applies only to Loans
      originated prior to June 1, 2009 (implementation date of the FHA Manufactured
      Housing Loan Modernization Act of 2008) and does not apply to refinanced Loans.
      II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT E. Title I Insured Programs
      4. Manufactured Home Loan Program Handbook 4000.1 1146 Last Revised: 11/26/2025
      Loans originated prior to June 1, 2009 and refinanced on or after June 2009
      will be removed from the Lender’s portfolio insurance reserve account and will
      be individually insured based on the credit policies and insurance premiums
      (upfront and annual) in effect at the time of refinance. (N) Insurance Processing
      Refinanced Loans must be submitted to HUD for insurance endorsement within 30
      Days after loan Disbursement as outlined in Procedures for Endorsement. When
      reporting a refinance of a prior Title I Loan, Lenders must supply information
      on the original Loan so that HUD may terminate the Title I insurance on the
      original Loan. HUD will also prorate any unpaid installments on the insurance
      charge between the old Loan and the new Loan. Lenders are cautioned not to erroneously
      submit a refinanced Loan as a new Loan. II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT
      F. Appraiser and Property Requirements for Title I Loans'
  judgment: false
