Housing Wire
MAY 7, 2025
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. increased by 58.34% between 2018 and 2023.
Housing Wire
FEBRUARY 7, 2024
The Housing and Economic Recovery Act of 2008 (HERA) “codified housing goals and added a Duty to Serve, which gives FHFA the tools to ensure that Fannie and Freddie stay focused on affordable housing and serving the housing needs of low- and moderate-income families instead of using a federal backstop to just cherry-pick the most lucrative loans.”
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Housing Wire
DECEMBER 5, 2024
In June, HUD announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured home communities under an FHA-sponsored loan program. Despite that attention, however, some in the industry have chafed at the portrayal of land-lease communities by government housing authorities.
Housing Wire
JANUARY 20, 2023
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. FHA , Fannie Mae and Freddie Mac can help. Congress can help.
HomeLight
MAY 12, 2021
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.
The Close
DECEMBER 5, 2024
When investing in mobile homes, add up all costs, including purchase price, transportation, installation, insurance, maintenance, and land leasing. Here are five ways you can get the funds you need: Personal Loan Personal loans are an excellent option if you only want to finance the mobile home, not the land.
Redfin
AUGUST 31, 2023
How to finance a mobile home Financing a mobile home is somewhat different from a traditional home loan. Interested buyers should explore personal loans, mobile home loans, or chattel loans, which are specifically designed for properties that don’t have a permanent foundation. Land lease fees.
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