Property Types

Property Types

Learn what each eligible property type means and explore programs associated with it.

1-4 Unit Owner-Occupied Property 1 program → 1-4 Unit Owner-Occupied Residential Property 1 program → 1-4 Unit Residential Property 3 programs → Accessory Dwelling Unit (ADU) A guest house, granny unit, in-law quarters, or ADU (Accessory Dwelling Unit) on the property are additional living spaces that are separate from, or attached to, the main home and are often… 10 programs → ADU 2 programs → Apartment Building with 5 or More Units 1 program → Below-Market-Rate Condominium 1 program → Below-Market-Rate Home 1 program → Condominium A condominium, or condo, is a home that is part of a larger building or community. When you own a condo: You own the inside of your unit. Common areas, such as… 60 programs → Deed-Restricted Single-Family Home 1 program → Eligible BMR or Market-Rate Home 1 program → Eligible Conversions 1 program → Eligible HUD-owned Single-Family Homes HUD-owned residential property eligible for purchase through HUD programs. 1 program → Eligible Owner-Occupied Home 4 programs → Eligible Owner-Occupied Residential Property 1 program → Eligible Residence 3 programs → Eligible Residential Property 1 program → FHA-approved condominium A condominium, or condo, is a privately owned home within a larger building or residential community. Owners own the interior of their unit while sharing ownership of common areas such as hallways,… 7 programs → Live-Work Unit 1 program → Manufactured Home A manufactured home is a house that is built in a factory and then transported to its permanent location, instead of being built entirely on-site. Examples: Manufactured homes Mobile homes that have… 48 programs → Market-Rate Primary Residence 1 program → Mobile Home A mobile home is a prefabricated house built in a factory and then transported to a specific location for long-term or permanent residence. Unlike travel trailers, they are designed for stationary living,… 19 programs → Multi-Family 3 programs → Multi-Residential Property Up to 4 Units 1 program → Multifamily Housing 1 program → Other Eligible BMR Home 1 program → Owner-Occupied Home 3 programs → Owner-Occupied Primary Residence 1 program → Owner-Occupied Property 1 program → Owner-Occupied Residential Property 1 program → Owner-Occupied Single-Family Home 2 programs → Planned Unit Development (PUD) A Planned Unit Development (PUD) is not a specific style of building, but rather a master-planned community layout and zoning type where individual homeowners own their dwelling and the specific plot of… 1 program → Primary Residence 1 program → Rental Housing 1 program → Rental Residential Property 1 program → Residential Rental Property 1 program → Single Room Occupancy 1 program → Single-Family Home A single-family home is a house made for one family or household to live in. It is a standalone house. It sits on its own piece of land. It has its own… 92 programs → Townhome 15 programs → Townhouse 13 programs →