Jeannine Arc…, Home Buyer in Marlborough, MA

Are startup companies a good choice for FHA loans?

Asked by Jeannine Archer, Marlborough, MA Sat May 30, 2009

I am considering working with FHA, but I cannot locate them in the BBB directory. I believe this type of loan would be a good fit for me as I am divorced and do not have a large sum to put down. Also, I am looking for a mobile home, and some of the FHA loan companies are telling me they do not handle those types of loans.
Please advise!

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Janet Sterman, Agent, Newton, MA
Sat May 30, 2009
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.
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