FHA will do loans on double wide mobile homes (no single wides allowed) that are on a permanent foundation. Most investors will not accept the property as collateral but GreenBank does have an investor that will fund this loan. The property will need to be appraised and then a certified engineer will need to inspect the foundation to make sure it was constructed to HUD guidelines. We can do a 30 year or 15 year loan with a maximum LTV of 95% on a rate term refinance or purchase and a 85% LTV on a cash out refinance.

Kristi Malone, GreenBank, Johnson City, Tennessee

I don't believe that it can be done, especially if it is a used Mobile Home. There are programs through the USDA's Rural Development for Manufactured & Modular Housing . Usually, the smaller the population of the area in which you live, the more programs that will be available in a wider area. They have direct Loans available that are based on your income and guaranteed loans that are much like a conventional loan.