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The borrowed funds restrictions to have FHA-insured loans towards the were created belongings wasn’t altered because the 1992

The borrowed funds restrictions to have FHA-insured loans towards the were created belongings wasn’t altered because the 1992

20 The Operate increases the mortgage restrictions to own manufactured homes since the follows: (1) a loan to finance the improvement, alteration, or repair out-of a preexisting are available home is increased regarding $17,500 in order to $twenty five,090; (2) a loan to finance the purchase from a created home is increased out of $forty eight,600 so you can $69,678; (3) a loan to finance the acquisition of a produced family and you can lot is increased out of $64,800 in order to $92,904; (4) that loan to invest in the purchase of a lot because of the an enthusiastic proprietor away from a produced home is enhanced from $sixteen,two hundred to help you $23,226. Continue reading…