MHISC NEWS & UPDATES
Find a Job in the Manufactured Housing Industry
Looking for a change of pace? Our industry is hiring! There are job opportunities all across the state of South Carolina for people looking to help make housing affordable. Open positions include salespeople, administrative support, set up and service technicians, and more. Our new career page features openings from member organizations all across the state. Find your new career here: https://mhisc.com/jobs/
Homemax Named Retailer of the Month
Homemax offers a wide array of manufactured home models in both single section and two section from a variety of home manufacturers. Their homes have a selection of features including large spacious kitchens, separate soaker tubs, and full Energy Star certification for an energy efficient home.
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INDUSTRY NEWS FROM AROUND THE WORLD
Everything you need to know about FHA loans
If your credit score is 580 or higher, you can finance as much as 96.5% of the home’s purchase price, so you’ll only need to put down 3.5%. How much you can borrow will depend on where you live — for instance, homebuyers in places like New York and San Francisco can borrow more because the cost of living is higher than in other areas.
One way to find approved FHA loan lenders is to go directly to the HUD lender list search tool. You can search for lenders by city, county, state, ZIP code and mortgage type. [Link]
What You Should Know About Titling a Manufactured Home
FreddieMac – If you are buying a manufactured home to install on land that you already own, or are planning to purchase, it can be titled as real property once the home is affixed to the land. If you are renting a site in a manufactured home community or leasing on private land, you will likely need to title the home as personal property.