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 jgroatche
Joined: 27 Aug 2008
Posts: 2
1.64 Dollars($)
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 Posted: Wed Aug 27, 2008 11:56 am Post subject: Is this home elidgible for financing by a qualified buyer? |
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| [MLS Listed:$56,900.00] Located in bucolic high-end suburb with very highly-ranked schools, a [1460 sq. ft. - 3Bed/2Bath] 1979 (14x72) Manufactured Home with 1990 (12x50) Site-built Addition; 2004 Architectural roof & mechanicals replaced .... your thoughts?? |
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kpatrick
Joined: 29 Oct 2007
Posts: 156
Location: Atlanta, Georgia
40.89 Dollars($)
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| Posted: Wed Aug 27, 2008 4:18 pm Post subject: |
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FHA will do double wides, but being 14 ft, that sounds like a single wide. Single wides are very difficult to get done anymore.
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(770) 886-3140 |
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jgroatche
Joined: 27 Aug 2008
Posts: 2
1.64 Dollars($)
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| Posted: Wed Aug 27, 2008 7:22 pm Post subject: Is this home elidgible for financing by a qualified buyer? |
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| Thank you for your reply; and yes, you are correct. It would not qualify with FHA, since the Title is for Home only, no land included; please however note that this split level style home is permanently attached to .20 acre leased lot with public water and sewer in a homeowner occupied, all age, American Residential Community. |
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Guest
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| Posted: Thu Aug 28, 2008 5:08 am Post subject: |
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Without land, it is mre like financing a car vs a home, a regular mortgage is not an option. Try using a combination of other credit lines that the borrower already has...credit cards, personal credit lines. You could also try stopping into a mobile home dealership and inquiring if they have any options for you. Sorry, I'm not much help.
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kpatrick
Joined: 29 Oct 2007
Posts: 156
Location: Atlanta, Georgia
40.89 Dollars($)
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| Posted: Thu Aug 28, 2008 5:09 am Post subject: |
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Without land, it is more like financing a car vs a home, a regular mortgage is not an option. Try using a combination of other credit lines that the borrower already has...credit cards, personal credit lines. You could also try stopping into a mobile home dealership and inquiring if they have any options for you. Sorry, I'm not much help.
_________________
For more information on credit repair, please visit my blog, http://creditrepair4u.wordpress.com , or my site, http://freecreditreportnow.org .
(770) 886-3140 |
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