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Manufactured Home Loan Insurance_Financing Purchase of Manufactured Homes as Principal Residences of Borrowers
Published on AidPage by IDILOGIC on Jun 24, 2005
Possible uses and use restrictions...
HUD insures lenders against loss on loans. Insured loans may be used to purchase manufactured home units by buyers intending to use them as their principal places of residence. The maximum amount of the loan is $48,600, whether single or multiple modules. The borrower must give assurance that the unit will be placed on a site which complies with local zoning and land development requirements.
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