The loan constraints to own FHA-insured finance towards are produced homes had not been changed as 1992
20 The fresh Act escalates the loan limitations for are produced residential property as follows: (1) that loan to finance the advance, modification, otherwise repair of a preexisting manufactured house is increased away from $17,500 to help you $25,090; (2) that loan to finance the acquisition off a made home is enhanced out of $48,600 in order to $69,678; (3) that loan to invest in the purchase regarding a made house and you will lot are increased out of $64,800 so you’re able to $ninety five,904; (4) a loan to finance the acquisition of a lot by an enthusiastic holder away from a created house is improved away from $16,200 so you’re able to $23,226. The brand new Work will bring these particular loan limitations would be modified a year by the HUD from an index as setup predicated on are created homes rate research obtained because of the Census Agency. (Sec. 2145)