Like HUD's Graduated Payment Mortgage Insurance (Section 245), Particularly helping young families, Section 245 (a) contributes to these goals by helping first - time
buyers and
others with limited incomes who expect their income to rise but may not yet be able to handle all of the
upfront costs and monthly costs involved in home buying — to tailor their mortgage payments to their expanding incomes and to buy a home sooner
than they could with regular financing.