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Committee advances bill allowing opt‑in real‑property titling for some manufactured homes to expand mortgage access
Summary
SB 996 would permit certain manufactured‑home owners on nonprofit, resident‑owned or public land to opt to title their homes as real property, with sponsors saying the change would widen mortgage access and lower financing costs for low‑income owners.
Senator Padilla presented SB 996 to allow an opt‑in titling process for certain manufactured homes so they may be treated as real property for financing and title purposes. The sponsor and witnesses told the committee that many manufactured homeowners pay higher interest rates because their homes are titled as personal property and that aligning title with the physical reality of…
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