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USDA’s rural manufactured housing rule has gone into effect

Housing Wire

Department of Agriculture (USDA)s Rural Housing Service (RHS) has implemented a final rule that allows for the financing of manufactured homes through the RHS Single Family Housing (SFH) Direct Loan Program and the SFH Guaranteed Loan Program. The rule went into effect on Monday, May 5.

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

Redfin

Waterfront land leases You may own the house, but it could be on leased land owned by the government or other agency. Buying a house on a lake means taking over whatever lease the land owner has put in place. You may have to account for price inflations if the lease ends while you own the house.

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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

Personal property loans, which make up most of the manufactured home loans, are loans for manufactured homes sited in manufactured home communities, on other leased land, or on owned land not pledged on the loan. Congress can help.

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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. Manufactured in a factory and placed on a chassis, mobile homes can be set on owned or rented land, providing flexibility for investors looking for affordable housing solutions. Investors need to consider additional costs like transportation and setup.

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Housing Affordability Task Force Report: My Two Cents (Pt2)

Toronto Realty Blog

Requiring municipalities to compensate property owners for loss of property value as a result of heritage designations, based on the principle of best economic use of land. Per the report: “Housing requires more than just the land it is built on. Land leases? Land transfer tax, anyone?

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A Comprehensive Guide to Buying a Mobile Home

Redfin

Additionally, it’s essential to consider other costs such as land purchase or rental, foundation installation, utilities, and potential maintenance expenses. How to finance a mobile home Financing a mobile home is somewhat different from a traditional home loan. Land lease fees. Site preparation.