Manufactured housing, at least according to one Forbes article, is likely to be a stronger market than homes by the national builders when everything starts to rebound. Why? Because there will be more incentive to buy them. Apparently, the U.S. government will be including them under its favored lending programs and the Federal Housing Administration is increasing loan limits for people buying manufactured homes but not the land underneath.
FHA loans, according to Forbes, have grown popular lately because the loans allow for a low down payment. The agency has gone from backing 2% of U.S. mortgage debt in 2006 to a third of all home loans in 2008, Forbes says.
Read the full article at forbes.com
Manufactured Home Market May Be the First to Recover
Manufactured housing, at least according to one Forbes article, is likely to be a stronger market than homes by the national builders when everything starts to rebound. Why? Because there will be more incentive to buy them. Apparently, the U.S. government will be including them under its favored lending programs and the Federal Housing Administration is increasing loan limits for people buying manufactured homes but not the land underneath.
FHA loans, according to Forbes, have grown popular lately because the loans allow for a low down payment. The agency has gone from backing 2% of U.S. mortgage debt in 2006 to a third of all home loans in 2008, Forbes says.
Read the full article at forbes.com <a ...
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About the Author
Lindsay Young
Lindsay Young is the president of 3 Aspens Media, a B2B content strategy and marketing content firm that works with distributors to translate their offline expertise – online. She has more than 20 years of experience leading and producing online and print content for publications and businesses. She leads a team of 12 writers, client success managers, designers, marketing specialists and strategists to produce content that helps companies translate their benefits to key decision-makers. She was previously the editor of Modern Distribution Management.
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