This new Label II loan system also provide money for are created belongings and you may home when they see particular requirements. Such as for instance, a debtor might only make an application for home financing getting a great are made home should your house is is its first household. Most other conditions because of it loan are:
- The latest are designed home have to have the ground area of otherwise a lot more than eight hundred sq ft.
- The construction date of the house need to be after June fifteen, 1976.
- Your house have to have a home class although not always having condition income tax intentions.
- Our home must remain on a long-term framework.
