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Title II loans cannot be used for manufactured homes on leased land in manufactured home communities or mobile home parks. Down payments on a Title II loan can go as low as 3.5 percent, and terms ...
"40 Years Ago: Manufactured Housing Construction and Safety Standards Act Passed". NLIHC Resource Library. National Low Income Housing Coalition. June 27, 2014. "Manufactured Home Builder Histories". Mobile Home Manufacturers. MobileHome.net. "Manufactured Housing and Standards". Manufactured Housing Programs.
Mobile or Manufactured Home Loans: A chattel loan is often used to finance a mobile, or manufactured, home that sits on a piece of land that is being purchased. The traditional mortgage can’t be ...
The tendency of these homes to rapidly depreciate in resale value made using them as collateral for loans far riskier than traditional home loans. Loan terms were usually limited to less than the 30-year term typical of the general home-loan market, and interest rates were considerably higher. In other words, these home loans resembled motor ...
Mobile homes are often sited in land lease communities known as trailer parks (also 'trailer courts', 'mobile home parks', 'mobile home communities', 'manufactured home communities', 'factory-built home communities' etc.); these communities allow homeowners to rent space on which to place a home. In addition to providing space, the site often ...
Tips to buy or sell a home with owner financing. If you can’t get the financing you need from a bank or mortgage lender, an experienced real estate agent can help you find properties for sale ...
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