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Market Update What is up with Title One? |
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Monday, 11 August 2008 01:12 |
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We are still trying to figure out what is really going to hapen with the FHA Title One program. An increase in Title One limits to $70,000 should be a huge shot in the arm for our industry. 21st and Triad figure to be prominent players when the program is finally out of HUD. The $8,000 federal tax credit is available for any principal residence, personal property or real estate. It could even be a houseboat. We've added Condo Parks and Leasehold Estates to the list of manufactured home types we can accept. Chattel rates have been fairly static. Land Home rates are showing the signs of economic pressure. We fully expect them to move up sooner than later.
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