Sentences with phrase «sized manufactured home loan»
Not exact matches
The bill modifies the definition of «high - cost» loans so that manufactured home loans are not unfairly swept under this designation simply due to their small size.
http://www.manufacturedhousing.org/
Interest rates for manufactured homes vary from low FHA insured mortgage rates to the higher rates based on the age and size of the home, the amount of the loan, the amount of the down payment, the term of the loan, the site location, and the borrower's credit.
H.R. 1699 modifies the definition of «high - cost» loans so that manufactured home loans are not unfairly swept under this designation simply due to their small size.
This loan program was designed with manufactured home communities in mind as many national lenders are only focused on larger properties and loan sizes.