24 CFR § 201.7 - Qualified mortgage.
---
identifier: "/us/cfr/t24/s201.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 201.7 - Qualified mortgage."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "201.7"
section_name: "Qualified mortgage."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "201"
part_name: "TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)."
regulatory_source: "50 FR 43523, Oct. 25, 1985, unless otherwise noted."
cfr_part: "201"
---
# 201.7 Qualified mortgage.
(a) *Qualified mortgage.* A mortgage insured under section 2 of title I of the National Housing Act (12 U.S.C. 1703), except for mortgage transactions exempted under § 203.19(c)(2), is a safe harbor qualified mortgage that meets the ability to repay requirements in 15 U.S.C. 1639c(a).
(b) *Effect of indemnification on qualified mortgage status.* An indemnification demand or resolution of a demand that relates to whether the loan satisfied relevant eligibility and underwriting requirements at the time of consummation may result from facts that could allow a change to qualified mortgage status, but the existence of an indemnification does not per se remove qualified mortgage status.
[78 FR 75237, Dec. 11, 2013]