Mortgagor’S Minimum Investment

(1) At the time the mortgage loan is made, mortgagor shall have paid on the account of the home, the difference between the total cost of acquisition and the amount of the mortgage loan in cash or its equivalent. The amount of such payment shall not be less than five percent of the total cost of acquisition. Exceptions shall be made when appropriate on mortgages to be insured or guaranteed under certain federal programs. (2) The total cost of acquisition shall include the purchase price of the home, all settlement costs, including initial payments for taxes, property insurance, closing costs and other prepaid expenses and such other charges and fees as are approved by the Agency.