Eligible mortgage loans

Assistance from grant amounts under this Act may be provided only in connection with the acquisition of an eligible home involving a residential mortgage loan that— (1) meets the underwriting requirements and dollar amount limitations for acquisition by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; (2) is made, insured, or guaranteed under any program administered by the Secretary; (3) is made, insured, or guaranteed by the Rural Housing Administrator of the Department of Agriculture; (4) is a qualified mortgage, as such term is defined in section 129C(b)(2) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)); or (5) is guaranteed for the benefit of a veteran.