You are here: Home / Manufactured Home Article / Homeownership Lending to be Maintained in Rural Areas
Homeownership Lending to be Maintained in Rural Areas

Homeownership Lending to be Maintained in Rural Areas

home-buyers-viewpoint-ca-posted-on MHLiving News.comPopulation growth in rural communities is challenging the parameters set by the U. S Dept. of Agriculture’s rural housing programs.

Senators Tim Johnson (D-SD) and Pat Roberts (R-KS) have proposed a bill to raise the population cap from 25,000 to 35,000 so homeownership continues to be available for low-income households.

Senator Johnson said, “Providing these loans, grants, and loan guarantee programs helps younger generations stay in the communities they’re from, and ensures rural housing markets have access to private credit.”

Manufactured homes can be financed with the USDA’s Rural Housing program in a similar fashion as conventional housing. USDA loans allow for down payments as low as 0% and at low fixed interest rates on ‘fee simple’ sales.

As HousingWire informs MHLivingNews, a Senate bill similar to this one last year was not approved by the House, but Congress recently approved a bill to extend current rural housing until Sept 30, 2013. The proposed bill will extend funding an additional seven years.

(Image credit: viewpoint)

 

3 comments

  1. In addition via online technique you can get numerous
    online UK lenders that can help the borrowers to get this method at low interest rates with supple repayment options.
    In the past they have included such things as toys, rattles, bibs, and tethers.

    You do have help when buying food, diapers, clothes, toys, and other items.

  2. The internet offers a lot of options to find what you
    need, like web hosting company comparison sites that
    post buying guides or utilize specialized search tools that allow
    you to customize your search parameters, from your basic search
    filters (type, capacity, location, control panel
    and support) to more specialized filters like development, email features, domain features, statistics,
    web geography and even dedicated server features.

    IMAGESInformation alone, although presented in a crisp and bulleted fashion, can make
    the website unexciting if used incorrectly. To switch over to a different web host often complicates the initial phase of your business website.

  3. A single effort allows AI angles to be attacked by you and raid them
    for property, supporting your basis bond that considerably faster.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Scroll To Top