Land lease Loans Mortgages 
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. mortgage finance system.
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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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.
The Close
DECEMBER 5, 2024
Remember the distinct mortgage and land regulations that apply to mobile homes. Mobile homes built before a specific date often require chattel mortgages instead of traditional ones, which is key for investment planning. Depending on size and condition, prices typically range from $10,000 to over $100,000.
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. That’s why I find it interesting.
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