Remove Land lease Remove Loans Remove Marketing
article thumbnail

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.

article thumbnail

Manufactured homes are appreciating faster than site-built homes

Housing Wire

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Housing Wire

Last year was challenging for housing and mortgage markets. 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. Congress can help.

article thumbnail

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. 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.

Land 93
article thumbnail

How to Buy a Mobile Home in 8 Steps

The Close

Remember the distinct mortgage and land regulations that apply to mobile homes. To help you navigate this market, I’ve outlined nine key steps, including understanding mobile home investments and choosing prime locations. Depending on size and condition, prices typically range from $10,000 to over $100,000.

Land 98
article thumbnail

A Comprehensive Guide to Buying a Mobile Home

Redfin

However, these are just general estimates, and prices can differ significantly based on regional housing markets and the specific offerings of manufacturers. Additionally, it’s essential to consider other costs such as land purchase or rental, foundation installation, utilities, and potential maintenance expenses.

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). This is a commercial loan program. That’s why I find it interesting.