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Need Mortgage for HUD-owned Mobile Home & Land in Georgia

Posted on: 25th Jul, 2009 05:54 am
Hi - I have been awarded the HUD contract on a foreclosed doublewide on private property in Georgia and need a loan for the purchase. I am finding that most lenders are not loaning on these types of properties now, and the lenders that are loaning have ridiculous fees and interest rates. Can you tell me a good lender to try? I have very good credit with a score around 760, so I should be offered a decent interest rate, I would think. I need to apply for a mortgage quickly so I do not forfeit this HUD property. Also, I will use this property as my primary residence. Thanks ever so much!!
You can get an FHA mortgage loan to purchase a HUD home. HUD and the FHA work together to guarantee mortgage loans for people in order to have easier accessibility for becoming homeowners.

Although HUD owns these homes as a result of FHA loan foreclosures, you can still qualify for an FHA loan to purchase a HUD home as long as you have never defaulted on an FHA loan .
Posted on: 25th Jul, 2009 06:26 am
bluedaze

welcome to mortgagefit..

try this lender which is located in georgia

AGSOUTH FARM CREDIT FLCA
40 S MAIN ST
STATESBORO, GA 30458
BULLOCH County

Telephone: (912) 764-9091





keep in touch....


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Posted on: 25th Jul, 2009 07:57 am
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