We can't provide mortgages under those circumstances unless the owner is able to get insurance at a reasonable cost.
The bank finances development and provides mortgages for qualifying families.
The money is expected to provide mortgages to 200 qualified low- and moderate-income families who are buying their first house or apartment.
They are providing mortgages to people in the community.
The bank, which will soon close, does not provide mortgages and has no automated teller machines.
She said council was helping people by providing mortgages to those who would not normally qualify.
The corporation also has provided new fixed-rate 30-year mortgages for the properties.
At best, banks will provide mortgages of up to 50 percent.
The agency is providing mortgages to the buyers and $23 million in development money through the sale of bonds.
The Government provides 33-year fixed-rate mortgages at a current maximum interest rate of 7.25 percent.
