§ 51481 Mortgage Loan Security Requirements

• •The agency gives out loans to help people buy homes.
• •The loan must be secured by the home itself, like a promise that if you don't pay, they can take the home.
• •Sometimes, another loan can come first, but the agency's loan still gets paid back.
• •The agency decides how much money you can borrow and the rules for paying it back.

You want to buy a house but don't have all the money.

The agency can give you a loan to buy the house. The house is like a promise that you'll pay them back. If you don't pay, they can take the house. They also decide how much you can borrow and the rules for paying it back.