# 24 CFR § 206.17: Eligible mortgages: general

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-24-206.17

## Section

- **Citation:** 24 CFR § 206.17
- **Heading:** Eligible mortgages: general
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** 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 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE > Subpart B—Eligibility › Endorsement > Eligible Mortgages

## Text

(a) [Reserved]
(b) Interest rate and payment options. A HECM shall provide for either fixed or adjustable interest rates in accordance with § 206.21.
(1) Fixed interest rate mortgages shall use the Single Lump Sum payment option (§ 206.19(e)).
(2) Adjustable interest rate mortgages shall initially provide for the term (§ 206.19(a)), the tenure (§ 206.19(b)), the line of credit (§ 206.19(c)), or a modified term or modified tenure (§ 206.19(d)) payment option, subject to a later change in accordance with § 206.26.
(c) Shared appreciation. A mortgage may provide for shared appreciation in accordance with § 206.23.

## Nearby sections

- [24 CFR § 206.17 § 206.17 Eligible mortgages: general.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.17.md)
- [24 CFR § 206.19 § 206.19 Payment options.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.19.md)
- [24 CFR § 206.21 § 206.21 Interest rate.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.21.md)
- [24 CFR § 206.23 § 206.23 Shared appreciation.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.23.md)
- [24 CFR § 206.25 § 206.25 Calculation of disbursements.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.25.md)
- [24 CFR § 206.26 § 206.26 Change in payment option.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.26.md)
- [24 CFR § 206.27 § 206.27 Mortgage provisions.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.27.md)
- [24 CFR § 206.31 § 206.31 Allowable charges and fees.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.31.md)
- [24 CFR § 206.32 § 206.32 No outstanding unpaid obligations.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.32.md)
- [24 CFR § 206.33 § 206.33 Age of borrower.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.33.md)
- [24 CFR § 206.34 § 206.34 Limitation on number of mortgages.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.34.md)
- [24 CFR § 206.35 § 206.35 Title of property which is security for HECM.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.35.md)
- [24 CFR § 206.36 § 206.36 Seasoning requirements for existing non-HECM liens.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.36.md)
- [24 CFR § 206.37 § 206.37 Credit standing.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.37.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-24-206.17. Check the current official text before relying on it. Not legal advice.