What Do Abbreviations and Codes on Sales Lists Stand For?

Every property description on the list of homes for sale contains abbreviations or codes (explained below).

Financing Options

Purchasers must either obtain a loan or pay cash to purchase a HUD Home. An FHA-insured mortgage may be available depending upon the condition of the property.

• IE = Insurable with repair escrow. The property requires repairs estimated to cost no more than $5000. It is eligible for an FHA-insured loan if the purchaser's lender sets up a repair escrow at closing.
• IN = Insurable. The property is eligible for an FHA-insured loan in its current condition.
• UI = Uninsurable. The property requires repairs estimated to cost more than $5000. It is not eligible for an FHA-insured loan unless a Section 203(k) loan can be obtained.

Property Conditions

• F = Flood Zone. The property is located in an area where coverage under the National Flood Insurance Program may be required to obtain a loan.
• HOA = Homeowners' Association. The property is covered by a Homeowners' Association. Expect HOA fees.
• LBP = Lead-Based Paint. The property was built before 1978 and may contain lead based paint. A Lead-Based Paint Addendum, available on HUD's contactor's website, must accompany a contract sent on behalf of the winning bidder.