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Manufactured Home Financing

Home » Manufactured Home Financing
 Capital Home Mortgage Now Offering FHA Loans for Manufactured Homes in Texas
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home News, Manufactured Housing News
Posted July 26, 2024

Capital Home Mortgage Now Offering FHA Loans for Manufactured Homes in Texas

The new service is anticipated to assist more homebuyers in gaining access to affordable housing options.   Capital Home Mortgage is delighted to announce that it has expanded its lending [...]

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 MH Advantage: Offering a New Affordable Manufactured Home and Financing Option
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By George Talavera
In Manufactured Home Financing, Manufactured Home Tips
Posted July 5, 2024

MH Advantage: Offering a New Affordable Manufactured Home and Financing Option

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

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 For the First Time in 15 Years. FHA Increases Loan Limits to Expand Financing for Manufactured Homes
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By George Talavera
In Manufactured Home Financing
Posted June 17, 2024

For the First Time in 15 Years. FHA Increases Loan Limits to Expand Financing for Manufactured Homes

Newly increased loan limits for title 1 Program supports the Biden-Harris Administration’s efforts to increase the supply and use of manufactured homes as an affordable housing source. WASHINGTON [...]

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 What Are the Best Mobile Home and Manufactured Home Insurance Companies?
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By Ben Nelms
In Manufactured Home Financing, Manufactured Home Tips
Posted June 14, 2024

What Are the Best Mobile Home and Manufactured Home Insurance Companies?

According to Lending Tree, Foremost, American Modern and Assurant stand out as the best manufactured home insurance companies for both older mobile homes and newer manufactured homes. Here’s why: [...]

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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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