Manufactured Home Loans

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 [...]

Typically, shoppers seeking manufactured home or modular homeownership, with the idea of placing that home on land, will visit a local retailer for guidance on how the transaction will unfold. [...]

Let’s suppose you have discovered your dream home, agreed upon a price with the manufactured home retailer, paid your deposit and /or down payment, received lender approval, and authorized the [...]

Effective July 1, 2019, Georgia House Bill 212 will affirmatively exempt retailers or retail brokers from the state’s “mortgage broker” licensing under GA. Ann. Code 7-1-1000, per an online news [...]

What do you do for a customer who can’t qualify for chattel financing?  They’ve picked out the home; they’ve been approved by the park, but every major chattel lender has turned them down – [...]

Freddie Mac announced on May 1, 2019, that Freddie Mac’s CHOICEHome brings conventional mortgage financing to factory-built homes to increase the availability of quality affordable manufactured [...]

Even in markets where there is available land and financing, labor shortages and other factors make it challenging to build affordable, traditional homes fast enough to meet consumer demand or [...]

Millennials don’t want to buy homes. According to a few studies, this myth is ripe to get busted. Citing a Fannie Mae survey, Money.com claims that 91% of renters between the ages of 25 and 34 [...]

Capital used to develop a comprehensive product line to support manufactured housing dealers. Tammac Holdings Corporation, a financial services company that specializes in lending programs for [...]

What do you do for a customer who can’t qualify for chattel financing?  They’ve picked out the home; they’ve been approved by the park, but every major chattel lender has turned them down – [...]