I do have several options for mobile homes. Must be double wide and meet FHA requirements. The age of the mobile home is very important. If you need help, you may contact me at email@example.com or call 214-405-7264. Also have a lender that allows FHA 203k for mobile homes.
NMLS # 354776
The home must be constructed in conformance with the Federal Manufactured Home Construction and Safety Standards as evidenced by the affixed certification label. This is the RED TAG that is on the rear of each section of the manufactured home. If the RED TAG is missing, the house is not eligible for Section 184 financing.
Only manufactured homes built after June 15, 1976 will bear that seal. Manufactured homes built before that date are ineligible for Section 184 financing.
The home must be classified and taxed as real estate (as applicable).
The mortgage must cover both the manufactured unit and its site, or the appropriate lease documents must be in place. The mortgage must have a term of no more than 30 years from the date amortization begins.
The manufactured home must not have been installed or occupied previously at any other site or location.
The finished grade elevation beneath the manufactured home or, if a basement is used, the lowest exterior grade adjacent to the perimeter enclosure, must be at or above the 100-year return frequency flood elevation.
The house must be permanently attached to the foundation system. Existing homes must be attached to the foundation system by either cable or rebar welded to the frame rail or similar fashion. The unit must be anchored to the footing (or pier).
The axles and tongue must be removed from the unit. The chassis must stay in place.
The house must have adequate skirting and insulation around the perimeter to prevent the crawl space area from freezing and allow proper ventilation of the crawl space. If the skirting is wood, the wood must be properly treated to prevent decay.... more
The best thing that you can do is speak to your lender and ask for a Good Faith Estimate of Closing Costs. You can request that they prepare the Good Faith Estimate according to what you need for the seller to pay in order to close. Once you know exactly how much money you need for the seller to pay, you can prepare the offer accordingly. FHA will be increasing their MIP for those purchasing homes who do not have FHA Case Numbers by October 4, 2010, so I would suggest that you also find a competent realtor who will lead you through the process quickly. If you can, you might want to identify a property soon and begin the negotiations, so that you will not realize the increase in the MIP (Mortgage Insurance Premium.) It can be up to .9%.
If you need help finding a realtor in Texas, I can refer you to a well-qualified realtor there.
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