Fannie Mae and Lender Partners Join to Provide Manufactured Housing Loans With Five Percent Down Payments - 2004-02-10
Fannie Mae, the nation's biggest source of financing for home mortgages, today teamed up with nine lenders to work toward transforming the manufactured housing market, including providing purchasers of manufactured homes nationwide access to affordable 30-year mortgage financing with down payments as low as five percent.
The low-cost financing will be available through a network of lenders that have demonstrated the high levels of expertise necessary to understand the
property, titling, appraisal, and servicing issues associated with manufactured homes.
Read the full story at PR Newswire 
