Loan Purposes for Retail Loan Guaranty

1. Purchase of house and lot, townhouse and any other single family dwelling;
2. Purchase of lot and construction of house;
3. Construction of house on lot already owned;
4. Purchase of lot only;
5. Purchase of lot on which the house of the borrower presently stands;
6. Major repair, improvement or expansion of an existing dwelling unit; and
7. Refinancing of an existing loan.