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USDA’s rural manufactured housing rule has gone into effect

Housing Wire

The new rule also reduces regulatory burdens related to manufactured housing requirements and provides flexibilities for energy efficient manufactured and modular homes located in land lease communities operating on a non-profit basis, RHS added. The rule went into effect on Monday, May 5. housing supply.

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Dreaming of Buying a Lake House? Everything to Know Before Diving In

Redfin

If you’re mainly using your lake house for personal use as a secondary residence, you can deduct the mortgage interest and property taxes. Waterfront land leases You may own the house, but it could be on leased land owned by the government or other agency. Is this a vacation home, investment, or primary residence?

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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

Last year was challenging for housing and mortgage markets. For the first time in many years, we experienced falling home prices, in part due to skyrocketing mortgage rates which almost doubled from around 3.5% As the 118 th Congress begins, we return to a divided government in Washington. a year ago to nearly 7% today.

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Flood Plains, High Winds, and Leased Land: Your Guide to Buying a House in Palm Springs

HomeLight

You’ll have to navigate land leases, HOA requirements , and stiff competition from other buyers set on purchasing your picture-perfect property. As a resort escape, Palm Springs is known for its year-round sunny and warm weather — even when winter is happening everywhere else! Fortunately, we did the legwork for you.

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How to Buy a Mobile Home in 8 Steps

The Close

Remember the distinct mortgage and land regulations that apply to mobile homes. Mobile homes built before a specific date often require chattel mortgages instead of traditional ones, which is key for investment planning. Thinking about investing in mobile homes? Double-wide: 1,200 to 2,000 square feet, suitable for families.

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Fee Simple vs. Leasehold: Two Very Different Types of Ownership

Redfin

It’s a legal term that means the property owner owns the land and any structures on the land, including the home. .” It gives someone ownership of a home or structure on the property, but someone else owns the land itself. The leaseholder pays the fee simple owner to use the land for a set period. Fee simple.