Fannie Mae announced today that it is working with nine lenders to “transform” the manufactured housing sector. One of its goals would be to offer 30-year manufacturing housing borrowers loans with down payments as low as 5%.

According to the Fannie Mae release, the following lenders are participating in the program: AgFirst Farm Credit Bank, Flagstar Bank, GMAC Manufactured Housing, Huntington Mortgage Group, Origen Financial, RBC Mortgage, 21st Mortgage, Vanderbilt Mortgage and Washington Mutual.

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