Manufactured home loans leased land
[DOC File]MAINE MORTGAGE LENDING FREQUENTLY-ASKED …
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No. The law only applies to residential mortgage loans in which the loan is secured by the borrower’s principal dwelling. Is a loan for a manufactured home that is placed on leased or rented land, such as a lot in a mobile home park, a "residential mortgage loan"? No.
[DOC File]Chapter 11
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Uniform Residential Appraisal Report (URAR), Freddie Mac Form 70/Fannie Mae Form 1004, if the property is a single-family residence, not a manufactured home or a unit in a condominium. Manufactured Home Appraisal Report, Freddie Mac Form70B/Fannie Mae Form 1004C, if the property is a single-family manufactured home.
[DOCX File]FAIR HOUSING
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A manufactured home in a mobile home park or on leased land that is not on a permanent foundation will be secured by an HCD 484 Statement of Lien, for mobile homes will be secure by HCD 480.7 – Statement of Lien and include a Promissory Note and Loan Agreement depending on …
Form #B-001: Mortgagor's Affadavit and Notice of Federal ...
If the residence is located on leased land, a copy of the lease has been provided to the Mortgage Lender. ... (including a manufactured home permanently affixed to land) at any time during the three year period immediately preceding the closing of the Mortgage Loan (excluding a first Mortgage Loan located in a MassHousing Targeted Area), and at ...
[DOC File]APPENDIX D: VALUATION PROTOCOL - HUD
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A manufactured home is designed and constructed to the Federal Manufactured Home Construction and Safety Standards (MHCSS) as evidenced by an affixed certification label. Manufactured homes may also be referred to as mobile homes, sectionals, multi-sectionals, double-wides, triple-wides or …
[DOC File]MAINE MORTGAGE LENDING FREQUENTLY-ASKED …
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Is a loan for a manufactured home that is placed on leased or rented land, such as a lot in a mobile home park, a "residential mortgage loan"? No. In order for a loan to be a "residential mortgage loan," it must be a "federally-related mortgage loan."
[DOCX File]Freddie Mac
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(a)All Leases for Home Sites with respect to the Mortgaged Property are on forms that are customary for similar manufactured housing communities in the Property Jurisdiction, are for initial terms of at least 12 months and not more than 2 years (unless otherwise approved in writing by Lender), and do not include options to purchase the Home Site, or any Corporate Leases (unless otherwise ...
[DOC File]#1) Enact a homeownership tax credit similar to the LIHTC ...
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Many low-income buyers, especially those living in leased-land communities, finance their home with installment personal-property loans. Until very recently, few banks, savings and loans, or credit unions have been willing finance manufactured homes as real estate, except in cases where land is owned or a land lease is in place with a length ...
[DOCX File]Homes and Community Renewal
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Our mission is far reaching, encompassing single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development. ... loans” from banks and or GSEs in order to provide principal reduction and other foreclosure mitigation options, and a new program that allows us to make affordable mortgages to ...
[DOC File]Chapter 10 Loans Requiring Special Underwriting, Guaranty ...
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All other loans involving a manufactured home must be guaranteed under 38 U.S.C. 3712. Manufactured home loans guaranteed under 38 U.S.C. 3712 are not addressed in this manual. Permanently affixed manufactured home loans can be made for any of the allowable loan purposes listed in the table below.
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