{"data":{"id":"us/24-cfr-242.6","jurisdiction":"us","citation":"24 CFR 242.6","heading":"Property requirements.","body":"The mortgage, to be eligible for insurance, shall be on property located in a state, as defined in § 242.1. The mortgage shall cover real estate in which the mortgagor has one of the following interests:\n(a) A fee simple title;\n(b) A lease for not less than 99 years that is renewable; or\n(c) A lease having a term of not less than 50 years to run from the date the mortgage is executed.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES","PART 242—MORTGAGE INSURANCE FOR HOSPITALS","Subpart A—General Eligibility Requirements"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"819c936c0d27a270058e7a7114ed5b395d6675c2ff6df51fcdc94f41d5edba78","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-242.5","next":"us/24-cfr-242.7"},"notice":"GroundRules: Original legal text. Not legal advice."}