rehabilitation mortgage

rehabilitation mortgage definition - business

rehabilitation mortgage

A loan with proceeds devoted to repairing and improving a property. For example, the FHA Section 203(k) program provides insurance for loans used for rehabilitation and repair of single-family properties.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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