Are startup companies a good choice for FHA loans?

Jeannine Archer
Home Buyer
Marlborough, MA

I am considering working with FHA Loans.com, but I cannot locate them in the BBB directory. I believe this type of loan would be a good fit for me as I am divorced and do not have a large sum to put down. Also, I am looking for a mobile home, and some of the FHA loan companies are telling me they do not handle those types of loans.
Please advise!

Answers (1)
Janet Sterman
Mortgage Broker
or Lender

Boston, MA
FIRST ANSWER

From what I have heard from other borrowers, it is preferable to use a local lender versus an online company. Not to say these firms are not reputable, but recourse is a lot different with a company based in California versus one based in Massachusetts.
As far as financing a mobile home through FHA, this would fall into the "manufactured homes" category. Please review the website noted below. I will have time to research this further later on this weekend.

Sat May 30 2009, 14:33

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