[Code of Federal Regulations] [Title 24, Volume 2] [Revised as of April 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 24CFR203.38] [Page 165] TITLE 24--HOUSING AND URBAN DEVELOPMENT CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PART 203_SINGLE FAMILY MORTGAGE INSURANCE--Table of Contents Subpart A_Eligibility Requirements and Underwriting Procedures Sec. 203.38 Location of dwelling. At the time a mortgage is insured there must be located on the mortgaged property one or more dwellings designed principally for residential use for not more than four families. [61 FR 36264, July 9, 1996]