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Mobile Home Financing

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Icon Mini Profile m_dandre



Joined: 18 Aug 2008

Posts: 1



1.29 Dollars($)

PostPosted: Mon Aug 18, 2008 2:17 pm    Post subject: Mobile Home Financing

I was told that a new law was being enacted whereas If you own your land that you are will be guaranteed a mobile home law. I am looking for that information. Thank you.
 
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Icon Mini Profile jenkin7



Joined: 04 Jun 2007

Posts: 939



140.80 Dollars($)

PostPosted: Tue Aug 19, 2008 4:47 am    Post subject:

Hello dandre.

As far as I know the mobile home should have a permanent foundation and your score should be above 680 to get approve for the Mobile home loan. the lender also accepts 5 to 10 percent down payment.
 
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0.10 Dollars($)

PostPosted: Mon Sep 01, 2008 9:20 pm    Post subject:

FHA will on a mobile home on own land and permanent foundation with all the same guidelines as a stick built house. The lender will probably hit you 1.5 to 1.75 points for the loan, but it's better than any FNMA loan going these days.
 
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Icon Mini Profile brian1
brian1
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Joined: 14 Jun 2008



Posts: 360
Location: Northern California


0.51 Dollars($)

PostPosted: Mon Sep 01, 2008 10:30 pm    Post subject:

Have not heard of any new "law" guaranteeing you anything if you own land?

Can you clarify?

_________________
Licensed Broker 50 states
http://www.aimwithfocus.com
Need quick advise email or PM Glad to help
 
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