48000 To Buy A Mobile Home

Called the Manufactured Home Loan Insurance – Financing Purchase of Manufactured Homes as Principal Residences of Borrowers Program and referred to as Program #14.110 in the Catalog of Federal Domestic Assistance, this program insures lenders against loss on loans. Insured loans may be used to purchase manufactured home units by buyers intending to use them as their principal places of residence. The maximum amount of the loan is $48,600, whether single or multiple modules. The borrower must give assurance that the unit will be placed on a site which complies with local zoning and land development requirements. Contact your local office of the U.S. Department of Housing and Urban Development.

Visit: www5.hud.gov:63001/po/i/netlocator/