If the property is presently zoned as a 2-family, then you would obtain financing on the entire property as a 2-family home. If the property was legally converted into condos, then you you could purchase one unit as owner-occupied and the other unit as an investment property. Alternatively, you could purchase and convert the property back to a 2-family with a rehab. loan (examples are the FHA 203(k) and the Fannie Mae HomeStyle loan)... more
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.... more