Unfortunately no. USDA will only work on a new manufactured home on it's own land. The other option would be if the current owner has a USDA loan. Other than these 2 scenarios, USDA will not lend on manufactured homes.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
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I am currently that agent across the street and found this question very interesting. I would say either the agent isn't into her business 100% or is about done. I love what I do and do everything I can for all my clients, including future neighbors. I'm actually more helpful with the house across the street because I live in that neighborhood. When I was asked about comps, I was able to speak from experience! I have lived and seen it all... including watching all the work that has been done to the home over the last 15 years.
Currently... my new client wrote an offer with me 2 days ago on that house. I was glad to help! :)... more
Getting a manufactured home financed can be tricky, to say the least. The good news is... it can be done with very little down payment or maybe even 0 down! I work with a fabulous loan officer that specializes in financing manufactured homes. They must be a double wide or larger and on a permanent foundation.
My motto is... If there's a will, there's a way!
Carolyn Campbell, MRP
Century 21 Abbot Realty & Auction
A wet heat system is one that uses water or steam lines to heat the home. The systems may have forces air blown over the hot water filled lines to heat the home or a radiant system utilitizing radiators, etc.... more
Thank you for considering Shelbyville and Shelby County, Kentucky as your new Community. As a Business owner and 20+ year Resident, after living from Pennsylvania to California and overseas, I am sure you will find our area a Great place to call home for you and your Family. Please contact my Friend Shelby County Sheriff - Mike Armstrong # 502-633-4324 re statistics.
If I can be of help in any way, please feel free to contact me #502-552-2861 or my CENTURY 21 Abbot Realty & Auction Office in Shelbyville # 502-633-5321.
Property must meet HUD Handbook 4905.1 & 4150.2 or similar standard. A FHA
roster appraiser can verify adequacy/working order of electrical, plumbing, heating,
water & waste disposal on existing dwellings.... more
I DO understand your concern with triggering "Due on sale clause" related to your mortgage. In my opinion and the way I understand the clause in NC is a deed transfer without the permission of the lender with a lease option will trigger the clause. This is hot topic in my neck of woods.
Please consider having a brief and confidential conversation with an attorney you trust before moving forward with anything. In the meantime, you may want research your state's laws, plus go over your deed and mortgage documents. Also, do some research related to the Garn-St. Germain Act as well. Walking away should never be an option but more a last resort after exhausting all credible resources. Good luck to you!... more