Tag Archives: mobile home loans

Why is there so little competition in the manufactured home lending market? While there are several interlocking factors, one of the simplest points to make is that the mortgage giants Fannie Mae and Freddie Mac are not doing the robust lending in the manufactured home market as they are doing for conventional housing. What follows is a step-by-step explanation based …

Let’s begin with what many will want to know every day, not just Veteran’s Day. Yes, you can buy a manufactured home with a VA – Veterans Administration – loan with as little as zero down payment. Millions who have a DD214 could qualify.     That said, veterans by definition are individuals who have or still do serve their …

Affordable housing is an issue from coast-to-coast, border to border – and in islands like the state of Hawaii too.  There are efforts under way to bring more modern manufactured homes to Hawaii, because their affordable housing crisis is so acute.   But as often happens, improper terminology and inaccurate information has crept into their discussion.  That matters in all …

Financing is always a hot topic in manufactured housing. A very common Google search is for mobile or manufactured home loans! If you want more MHLending, and want to keep it simple, jump near the end of this article to Want more access to MH loans? For those who want more details, let’s dive in with the following. Lending has …

She’s a black Democrat from the deep South. He’s a white Republican from the Blue Grass state. They may seem to come from different places and viewpoints, but what brings them together is the clear understanding that manufactured homes are of vital importance to the citizens of their districts. For the sake of current manufactured home owners and those housing …

Here’s a riddle for you. Why would a federal agency and a nonprofit think tank, both dedicated to consumer protection, choose to pursue a course that is diametrically opposed to their mutual mission? The Center for Enterprise Development (CFED) and the Consumer Financial Protection Bureau (CFPB) have staunchly supported manufactured housing as an important component of affordable housing for low- …

If you want to wear a tent, then one size can fit all. To have something more tailored to you, we have to have the ability to choose clothing that fits your needs, taste and budget. The same is true for homes. One size doesn’t fit all. We must be allowed to choose. Those choices should include financing options that …