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FHA loan for Mobile home and land

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Icon Mini Profile kenbo52253





Joined: 10 Mar 2009

Posts: 1

1.53 Dollars($)
Post Posted: Tue Mar 10, 2009 12:55 pm    Post subject: FHA loan for Mobile home and land
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I located and want to purchase a 6 acre site that has a single wide mobile home on it. The value is $80,000.00 plus and I need to borrow $65,000.00. I need to find an FHA lender that will finance this purchase for me
Icon Mini Profile sara
sara
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Joined: 05 Jul 2006

Posts: 2645
Location: New Brunswick, New Jersey
488.43 Dollars($)
Post Posted: Thu Mar 12, 2009 2:12 am    Post subject:
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Hi kenbo,

You can speak to the local FHA lenders of your area and check if they are ready to fund you. However, you should have a good credit score and income in order to qualify for a mobile home loan. Moreover your should note that mobile homes build prior to 1976 do not qualify for loans.

You may speak to the lenders of this community as well in order to seek a no obligation free mortgage consultation from them. This will give you an idea about the rates you can receive when you apply for a loan. You will also come to know about the market rates and terms.

Take Care

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