You can use and FHA Home loan to purchase a mobile or manufactured home with land, FHA Mobile Home Lending Guidelines
The Department of Housing and Urban Development (HUD) sets forth these guidelines for determining if a mobile or manufactured home qualifies for an FHA mortgage loan in Florida:
â€¢The mobile or manufactured home must be constructed in accordance with the Federal Manufactured Home Construction and Safety Standards. A red tag is attached to the rear of each section of homes that comply with the standards.
â€¢The home must be taxed as real estate by the local tax assessor's office.
â€¢The mobile or manufactured home must have been built after June 15, 1976.
â€¢The mortgage must have a term of at least 30 years from when amortization begins.
â€¢The mobile home or manufactured home must be on a permanent foundation.
â€¢The axles and tongue must be removed from the mobile or manufactured home.
â€¢The mobile home or manufactured home must have adequate skirting and insulation, and the crawl space must have adequate ventilation.