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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Land lease Land Lending Finance 459

Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD) and U.S. 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. An analysis of data from the U.S. increased by 58.34% between 2018 and 2023.

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Land lease Land Renovation Construction 416

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.

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Land Land lease Natural hazards disclosure Inspection 93

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.

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Land Investor Loans Finance 79

Housing Wire

JULY 18, 2024

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. Last month, the U.S.

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Land lease Land Loans Finance 457

Housing Wire

JANUARY 20, 2023

These standards were not developed with any real input from HUD, which has exclusive statutory authority for manufactured home construction and safety standards nationwide, through the HUD Code. DOE should delay its effective date, while it works with HUD to develop more balanced standards. FHA , Fannie Mae and Freddie Mac can help.

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Land lease Renovation Land Loans 418