Any lenders doing FHA loans on existing mobile home/land packages in Florida?

Asked by David N Beth Smith, Altamonte Springs, FL Tue Nov 27, 2012

We have no problem getting a $180k mortgage for a traditional home (FHA or conventional), or a loan on a new mobile home/land package, but I can't find any banks that will do an FHA loan on an existing mobile home. For example, a mobile home on 5 acres in Geneva, asking price $70k, tax collector appraisal $125k, with us putting $20k down. Any suggestions are appreciated!

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4
, ,
Sat Nov 19, 2016
We can provide financing for FHA/VA Manufactured or Modular home in all Florida all the way down to a 580 fico. As a licensed real estate broker and mortgage broker over 10 years i can answer any questions you have throughout the process. http://www.florida-mortgage-lenders.com/
0 votes
, ,
Fri Dec 14, 2012
We are able to offer FHA financing on existing mobile homes affixed to real property. There are some specifics that I will need to ask you about first, but this is a niche that we serve. Please contact me to discuss your specific situation.
0 votes
what are the specifics you need to know?
Flag Fri Jan 4, 2013
John Rogers, Agent, Davenport, FL
Wed Nov 28, 2012
My son has just had a great experience with 5th 3rd Bank.
I would gladly recommend Carrie McCoy, the loan originator that made his experience a great one.
Carrie McCoy-Dean |NMLS # 437147
Mortgage Loan Originator | Fifth Third Bank | Tampa Bay
4421 South Florida Avenue, Lakeland, FL 33813 |Mail Code: T42374
Phone: (863) 450-7029 | Fax: (863) 577-3104 | http://www.53.com/mlo/carrie-mccoy

This was a "second attempt" on the same property. Because of the first failed attempt and the professionalism that was not diplayed... I personally will never set foot in a Wells Fargo bank again.
0 votes
Nicki Berman, Agent, Clermont, FL
Tue Nov 27, 2012
more than likely no. You would either need cash or possibly the owner may help you with financing.
0 votes
Thank you Nikki. We did find one lender, 21st Mortgage Corporation, that will do it, but their best rate is 6.24% with is not very good compared to FHA rates or rates we can get on a traditional home.
Flag Tue Nov 27, 2012
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