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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. If you’re taking out a loan to buy a house on leased land, lenders will require the lease to extend five years beyond the loan’s term.

Land 67
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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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6 of the Best Retirement Communities in Florida

HomeLight

A Community Development District or CDD is a governmental unit permitted by Florida Statutes that develops, operates, and maintains infrastructure and services within the community, including roads and landscaping. Some communities have a land-lease structure in which you purchase the house, but lease the home site.

Land 90
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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% DOE should delay its effective date, while it works with HUD to develop more balanced standards. Congress can help.