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. That’s quite a few rounds of golf!
Housing Wire
FEBRUARY 7, 2024
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.
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HomeLight
MARCH 24, 2023
Get Expert Advice About Choosing a Florida Retirement Community In just two minutes, HomeLight can connect you with the best real estate agents in your selected Florida market. Some communities have a land-lease structure in which you purchase the house, but lease the home site. What is included in your monthly payment?
Housing Wire
JANUARY 20, 2023
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% One of the prime areas of opportunity is affordable manufactured housing homeownership. a year ago to nearly 7% today.
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