http://www.trulia.com/voices/Home_Buying/FHA_and_modular_homes-140471Will an FHA mortgage cover the costs of purchasing a new modular home as well as installing septic, electricity, water, etc? Land is not a concern as we are able to obtain that from a relative at no cost.en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Bloomington_IN-616645/http://www.trulia.com/voices/profile/Real_Estate_Pro-Bloomington_IN-616645/Jennifer, be sure you are using the term "modular" correctly. A "modular" home is the same as a stick built and lenders will finance it as such. Its pieces were built in a factory setting, then it's assembled at the home site. A "manufactured' home is one that was once on wheels, trucked in already assembled or maybe split in two, with a steel beam running underneath to join the two pieces. It starts out with a BMV registration. This is often financed differently than a stick built or modular home. Unfortunately, as a realtor, I can't really answer your question! (Some help I am, huh?) But a quick call to a reputable lender should be able to get you an answer. I just wanted to make sure you ask the lender the right question. The modular versus manufactured distinction can be confusing and I've talked to a lot of people, realtors included, who interchange the words, but it makes a big difference for lenders. (I do think there are some 100% financing options for purchasing a new manufactured home from a USDA approved builder, again - ask your lender.) Best of luck! Debtomaro@hotmail.comWed, 08 Jul 2009 05:52:10 -0700