24 CFR §203.37
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A mortgage, to be eligible for insurance, must be on real estate held in fee simple, or on leasehold under a lease for not less than 99 years which is renewable, or under a lease having a period of not less than 10 years to run beyond the maturity date of the mortgage.