Manufactured Home Financing

GSE Fannie Mae recently issued the following Selling Guide Announcement (SEL-2020-07), which highlights updates to the Selling Guide including the following, among others: The expansion of [...]

In 2017-18 Fannie Mae engaged with manufactured home producers to develop MH Advantage to offer a new affordable housing option. MH Advantage manufactured homes are built to meet specific [...]

MH Advantage is an affordable mortgage option for a new generation of manufactured homes with features typical of site-built single-family homes. MH Advantage eligible manufactured homes help [...]

“It Always Seems Impossible Until It’s Done”  — Nelson Mandella The goal of homeownership is still a huge part of the American Dream. For many first-time homebuyers, the realization of that [...]

Freddie Mac has announced that starting March 1, 2020 CHOICEHomes will no longer have to include a garage or carport to be program eligible.  This is fantastic news! I have worked with the [...]

Determining the worth of a used mobile home that was manufactured over four decades ago is difficult and subject to numerous variables. Generally, a mobile home of pre-HUD Code vintage is only [...]

Russellville, Alabama – This week Secretary of Housing and Urban Development (HUD), Ben Carson embarked on a national bus tour focused on regulatory barriers to affordable housing called the [...]

“Winter is the time for comfort, for good food and warmth, for touch of a friendly hand and for a talk beside the fire: it is the time for home.”  – Edith Stillwell The holiday season is [...]

U.S. Department of Agriculture Rural Development (USDA) recently announced that the interest rate of Single-Family Housing Direct 502 loans will fall to 3 percent effective November 1, 2019. The [...]

“Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” Mark Twain Manufactured homes continue to remain the number one housing option for seniors retiring from the [...]