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 Multiple Loan Type Options Available for Manufactured Home Purchasers
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By Ben Nelms
In Manufactured Home Financing
Posted June 10, 2024

Multiple Loan Type Options Available for Manufactured Home Purchasers

There are numerous home loan programs available for purchasers of manufactured homes. Often the loan type is dependent on the intended home placement site and how the home will be installed on [...]

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 Lender Guild Mortgage Announces First Two CrossMod Homes for Sale in Paradise, California
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted April 19, 2024

Lender Guild Mortgage Announces First Two CrossMod Homes for Sale in Paradise, California

Initiative will educate the benefits of manufactured housing in the aftermath of the deadliest and most destructive wildfire in the state’s history. Guild Mortgage, a mortgage lending company, [...]

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 New Financing Options Make Manufactured Homes More Affordable
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted April 10, 2024

New Financing Options Make Manufactured Homes More Affordable

Sometimes families decide to buy a manufactured home because they are more affordable than traditional site-built homes. However, that affordability is based upon the original sales price and not [...]

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 FHA Updates Guidance on Sales Comparison Grid for Manufactured Homes
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By Ben Nelms
In Manufactured Home Financing
Posted February 28, 2024

FHA Updates Guidance on Sales Comparison Grid for Manufactured Homes

On November 2, the FHA released a mortgage letter (ML) updating the sales comparison approach for manufactured homes. The update to the FHA’s rule affects how real estate appraisers will now [...]

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 FHA Changes Appraisal Requirements to Enhance Financing Flexibility for Borrowers
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted February 12, 2024

FHA Changes Appraisal Requirements to Enhance Financing Flexibility for Borrowers

Updated requirements for valuation of manufactured homes contribute to FHA’s efforts to increase the availability and affordability of manufactured housing as part of the Biden-Harris Housing [...]

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 USDA Chattel Financing Program Gets Support from Lender Groups
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By George Talavera
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted February 7, 2024

USDA Chattel Financing Program Gets Support from Lender Groups

Financing for manufactured homes considered as chattel should be made available through the U.S. Department of Agriculture Rural Housing Service (RHS) program, a joint letter from mortgage and [...]

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 How VA Loans May Be Used When Purchasing a Manufactured Home
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted February 2, 2024

How VA Loans May Be Used When Purchasing a Manufactured Home

Yes, VA loans can be used to purchase a new or preowned manufactured home or a mobile home. The Department of Veterans Affairs guarantees VA loans, which features competitive interest rates, no [...]

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 MH NEWS: Manufactured Home June Shipment Report –  HUD Proactive Advancing Supply And Tenant Protections
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By George Talavera
In Manufactured Home Financing, Manufactured Home News
Posted January 19, 2024

MH NEWS: Manufactured Home June Shipment Report – HUD Proactive Advancing Supply And Tenant Protections

June 2023 Manufactured Shipment and Production Reports Source: MHI – MHI’s recently released Economic Report includes both shipment and production tallies for June 2023. Cumulative [...]

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 MH FINANCING: Manufactured Home Capsule Loan Types Dependent On Placement Site Circumstances
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By Ben Nelms
In Manufactured Home Financing
Posted January 15, 2024

MH FINANCING: Manufactured Home Capsule Loan Types Dependent On Placement Site Circumstances

The following are brief descriptive capsules of the most preferred loan types available to manufactured home purchasers, as well as other financing programs that may or may not serve the interest [...]

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 MH FINANCING: FHA Mortgage Loans for Manufactured Homes Pros and Cons
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted December 29, 2023

MH FINANCING: FHA Mortgage Loans for Manufactured Homes Pros and Cons

The following contains excerpts from an online posting by FORBES Advisor (Personal Finance) – June 09, 2023 Whether you’re buying your first or fifth traditional home or a [...]

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