The form is used as the borrower�s application for assistance under Section 235, a program in which HUD-FHA makes a part of the borrower’s monthly payment, as long as his/her income stays below a certain level. When completed by HUD and returned to the lender, it serves as a contract on the part of HUD to make the payments. Acts as a second Deed of Trust on the loan, which is paid off when the loan is paid off.
« Back to Glossary IndexApplication for Assistance under Section 235 of the National Housing Act HUD form 93100
« Back to Glossary Index