Remove Finance Remove Land lease Remove Renovation
article thumbnail

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. Transportation.

Land 66
article thumbnail

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). Last month, the U.S. That’s why I find it interesting.

article thumbnail

Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

But while FHA, Fannie and Freddie combined are responsible for over two-thirds of all new home loans nationwide, they financed only three (FHA) personal property manufactured homes last year. Many are in need of significant repairs but are owned by mom-and-pop operators without the capital necessary to carry out critically needed renovations.