Modern manufactured homes are a high-quality and affordable option, particularly for low- and moderate-income families, and can provide an entryway into asset and wealth building that promotes long term economic opportunity and financial security.
States can clear the way for manufactured home owners to access mainstream mortgage financing and the other benefits of real property titling by allowing manufactured homes to be titled as real property whether the home is located on a lot the homeowner owns or in a manufactured home community.
Titling Reform: How States Can Encourage GSE Investment in Manufactured HomesFebruary 1, 2016
A new rule proposed by the Federal Housing Finance Agency (FHFA) will give Fannie Mae and Freddie Mac the incentive to invest in manufactured home financing—but only if the homes are classified as real property. Most states have significant policy barriers to classifying manufactured homes as real property. Failure to reform the existing inadequate laws…Read More about: Titling Reform: How States Can Encourage GSE Investment in Manufactured Homes