I am a direct FHA lender, specializing in mortgages for manufactured homes. Please feel free to contact me at any time. I will be happy to prequalify your potential homebuyers for you. A couple of quick tips for FHA financing on manufactured homes.
The home must be on a permanent foundation, which must be certified by an engineer prior to closing that the foundation meets HUD guidelines. The home must be built after June 15, 1976 and must not have been moved from its original installation site. HUD labels must be affixed to each exterior side of the home.
Doublewides only. (If labels cannot be located, I may be able to retrieve them thru IBTS.org)
I do these mortgages all day long. The maximum financing availalbe is 96.50%. The seller may contribute up to 6% in closing costs and prepaids if necessary Please contact me if I can help you secure financing for your buyers. Have a great day.
Jacqueline Pulcano, SVP
United Mortgage Corp. HUD approved since 1992