Fannie – Manufactured Homes – Land Equity as Down Payment – Can equity of land owned by borrower be used as their down payment for a Manuf. Home Loan? [Manufactured Homes Reference Chart & New MTP™ – Using Land Equity for a Down Payment]

Answer: Yes! When a borrower owns a lot, which will have the manufactured home permanently attached to it, this value/equity may be credited toward the borrower’s minimum down payment requirement. Reference: Fannie Mae-Delivering Manufactured Housing Loans FAQ-Attached below for your convenience Here’s How it Works: If the land was purchased 12 months or less from […]

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