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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