What is a resale home? What do you do when your considering a mobile home (windsor) that cannot get fha and?

Kimberly Miller
Home Buyer
Isle of Wight County,...

conventional is hard to get? Its 1975, double wide, I think it is not on foundation. Im frustrated. Have been pre approved, and the asking price is too much. would need some updating but not in bad shape & great location. Please help!

Answers (1)
Irene Pardo
Agent
29205
FIRST ANSWER

a resale home is one that has been lived in as opposed to a new construction where you become the first homeowner of the property. As for a mobile home that doesn't have brick underpinnings and can't get FHA you are looking at paying cash unless you can get an independent lender/investor to loan you the money. Banks have become very weary of financing MH and many no longer do them. Wells Fargo had been doing some in my area up to not to long ago. You may want to try them just in case.

Tue Aug 12 2008, 11:08

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