MHMFA may purchase Loan Participations in Mortgage Loans insured by FHA or guaranteed by VA under one of the following provisions of law: FHA Section 203 (b), (h), (i); Home Unsubsidized FHA Section 221 (d) (2): Low and Moderate Income FHA Section 222: Servicemen FHA Section 233: Experimental Housing FHA Section 234: Individual Condominium Unit FHA Section 235: Lower Income (Interest Subsidy) FHA Section 237: Special Credit Risks FHA Section 809: Armed Services Civilian Employees FHA Section 810: Armed Services Housing VA -- Chapter 37 Title 38, U.S. Code (which includes Section 501 of the Servicemen's Readjustment Act of 1977, as amended).

FHA Mortgage Loans may have been insured under one of the basic FHA insuring sections pursuant to the statutory requirements of another FHA section such as FHA Section 223(e).