$48,000 to Buy a Mobile Home

For those in the market for a manufactured home, the U.S. Department of Housing and Urban Development (HUD) has a guaranteed loan program to help insure mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home. The program insures lenders against loss from default on loans of up to $48,600. The program is authorized under Title I. 865 people used this funding last year. The budget for this program is $109,608,000. (14.110 Manufactured Home Loan Insurance-Financing Purchase of Manufactured Homes as Principal Residences of Borrowers) For more information contact your local HUD office or check out the program online at www.hud.gov; or Home Mortgage Insurance Division, U.S. Department of Housing and Urban Development, 451 7th St., SW, Room 9272, Washington, DC 20410; 202-708-2121; www.hud.gov/offices/hsg/sfh/title/manuf14.cfm

 

Income Eligibility: None

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The Matthew Lesko’s Club gives you access to resouces like this and helps you all the way with live libriarians, training videos and application help. All types of free money programs are covered, including help for grants funding .

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