(3) This point will not construed so you can prohibit an experienced of using to help you a loan provider any practical write off necessary for eg bank, in the event that arises from the loan should be put-
(A) so you’re able to refinance indebtedness pursuant in order to term (5), (8), otherwise (9)(B)(i) of point 3710(a) associated with the name otherwise section 3712(a)(1)(F) in the name ;
Within the choosing whether or not that loan is really safeguarded, the fresh new Secretary may either ignore otherwise support subordination to help you a advanced lien produced by a duly submitted covenant running into the realty and only often of one’s pursuing the:
(B) to repair, change, or improve a ranch home or other house pursuant to help you conditions (4) and you may (7) out of section 3710(a) of the name ;