Mobile Home Insurance
Manufactured Home Lot and Combination Loan Insurance - HUD Housing About Housing Contact us Keywords Single Family Audience groups Buying a home Events & training FHA insured loans Common questions Housing counseling HUD homes/ REO Owning a home Reference guide Regulatory programs Hospitals Multifamily OAHP Reading room Online forums Work online HUD news Homes Communities Working with HUD Resources Tools Webcasts Mailing lists Contact us Help Manufactured Home Lot and Combination Loan Insurance Information by State Print version Email this to a friend Summary: This program insures mortgage loans made by private lenders to buyers of manufactured homes and the lots on which to place them. Purpose: HUD has been providing mortgage insurance on manufactured homes under Title I since 1969. By protecting mortgage lenders against the risk of default, HUD's participation has encouraged them to finance manufactured homes, which had traditionally been financed as personal property through comparatively high-interest, short-term consumer installment loans. The program thereby increases the availability of affordable financing and mortgages for buyers of manufactured homes and allows the buyers to finance purchase of their home at a term and interest rate comparable with the commercial loans typically used to finance manufactured homes. Type of Assistance: Title I programs offer coinsurance--HUD insures private lenders against losses of up to 90 percent of the value of a single loan, while the lender retains responsibility for the remaining 10 percent. In addition, the insurance coverage is limited to 10 percent of the lender's Title I portfolio. The buyer must agree to make a downpayment and interest rate payments determined by the lender. Title I insurance may be used for loans of up to $64,800 for a manufactured home and lot and $16,200 for a lot only. The lot must be appraised by a HUD-approved lender. The dollar limits for combination and lot loans may be increased up to 85 percent in designated high-cost areas. The maximum loan term is 20 years for a single-module home and lot, 25 years for a multiple module home and lot, and 15 years for a lot only. Eligible Grantees: Private lending institutions are eligible for insurance on loans made under the program. Eligible Customers: All buyers of manufactured homes who plan to use the homes as their principal residence are eligible for the program. Eligible Activities: Application: Buyers of manufactured homes may apply for insurance through a HUD-approved lender or through a lender's approved Retailer. CLICK HERE to find a nearby HUD-approved Title I lender . Technical Guidance: The program is authorized under Title I, Section 2 of the National Housing Act (12 U.S.C. 1703). Program regulations are in 24 CFR Part 201. These regulations, as well as applicable handbooks and notices, are available electronically through HUDCLIPS . The program is administered by the Office of Housing, Federal Housing Administration. Contact the Home Improvement Branch at (202) 708-2121 for more information. For More Information: For more information, refer to "Financing Manufactured Homes, HUD-265-H(10), available from the HUD Customer Service Center, 1-800-767-7468. Information can also be found at the HUD-approved Title I lender page or you can contact a HUD-approved housing counseling agency . To learn more about manufactured housing options and opportunities, try HUD's Manufactured Housing web page or the Manufactured Housing Institute website. Content updated May 22, 2002 Back to top FOIA Privacy Web Policies and Important Links Home U.S. Department of Housing and Urban Development 451 7th Street S.W., Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455 Find the address of a HUD office near you Diesel Motor Home96 Diesel Motorhome Travelhome Classic - Rhydyfelin - cars/vans/motorbikes for sale gumtree.com > Swansea > Stuff for Sale > cars/vans/motorbikes for sale > 96 Diesel Motorhome Travelhome Classic Search for: Price: -- -- How does this work? ..Here is what your posting will look like: -- cars/vans/motorbikes for sale post an ad edit/delete an ad | repost an ad | subscribe free | unsubscribe E Mail this posting to a friend 96 Diesel Motorhome Travelhome Classic (4,000 ) Reply to: Click here to email the poster 0793945562 Date: Friday 30th September 11 months MOT ,tax til Dec. 1977 Motorhome in great shape for touring .LPG gas runs 3-way frig sink water heater . Thetford cassette toilet -shower in same space. Security alarm ,built-in safe.Solar panel for batteries ZIG unit ,inverter.Double glazed cabin isolates from living area.Plenty of storage ,bed over cabin , awqning .Its got everything . 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