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• A mortgage that covers the costs of rehabilitating (repairing or Improving) a property; some rehabilitation mortgages - like the FHA's 203(k) - allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.

  US Department of Housing and Urban Development - Cite This Source - This Definition
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  Cite Definition for Rehabilitation Mortgage

  American Psychological Association (APA)

  Rehabilitation Mortgage. (n.d.). Homes & Communities Glossary. Retrieved March 20, 2023, from website: http://www.expertglossary.com/definition/rehabilitation-mortgage.

  Chicago Manual of Style (CMS)

  Rehabilitation Mortgage. www.hud.gov. Homes & Communities Glossary. US Department of Housing and Urban Development. http://www.expertglossary.com/definition/rehabilitation-mortgage (accessed: March 20, 2023).

  Modern Language Association (MLA)

  "Rehabilitation Mortgage." Homes & Communities Glossary. US Department of Housing and Urban Development. 20 March. 2023 http://www.expertglossary.com/definition/rehabilitation-mortgage.

• A mortgage loan made to cover the costs of repairing, improving, and sometimes acquiring an existing property.

  Federal Trade Commission - Cite This Source - This Definition
  ×

  Cite Definition for Rehabilitation Mortgage

  American Psychological Association (APA)

  Rehabilitation Mortgage. (n.d.). Real Estate Marketplace Glossary. Retrieved March 20, 2023, from website: http://www.expertglossary.com/definition/rehabilitation-mortgage.

  Chicago Manual of Style (CMS)

  Rehabilitation Mortgage. www.ftc.gov. Real Estate Marketplace Glossary. Federal Trade Commission. http://www.expertglossary.com/definition/rehabilitation-mortgage (accessed: March 20, 2023).

  Modern Language Association (MLA)

  "Rehabilitation Mortgage." Real Estate Marketplace Glossary. Federal Trade Commission. 20 March. 2023 http://www.expertglossary.com/definition/rehabilitation-mortgage.

• Browse Related Terms: 203(k), EEM, FHA mortgage loan, Home Equity Conversion Mortgage (HECM), Purchase Money Mortgage, Rehabilitation Mortgage