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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.

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Manufactured homes are appreciating faster than site-built homes

Housing Wire

In contrast, the average sales price of new site-built, single-family homes (excluding land) rose by 37.66% over the same period,” the study explained. 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.

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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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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. Understanding the ins and outs of buying a mobile home is crucial.

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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. Thinking about investing in mobile homes? This budget-friendly option is perfect for real estate investors looking for alternative properties, as they often provide higher rental yields than traditional homes. They can be around $200 per month.

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Manufactured housing group encouraged by FHA attention — but concerned about its portrayal

Housing Wire

Department of Housing and Urban Development (HUD) announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA). This is a commercial loan program. That’s why I find it interesting.

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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. As the 118 th Congress begins, we return to a divided government in Washington.