will a usda loan cover a manufactured or modular home

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Post Posted: Sat Dec 12, 2009 5:27 pm    Post subject: will a usda loan cover a manufactured or modular home

I was recently qualified for usda loan but there are not many houses in my area that are in my price range or that meet the guide lines of the loan {working heat ,eletrical,pluming} I have seen some manufactured homes that are very nice and have a little land to go with it
Icon Mini Profile savior70

Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.85 Dollars($)
Post Posted: Mon Dec 14, 2009 4:19 am    Post subject:

Hi Guest,

You can buy a mobile home with the help of USDA Section 502 Direct Loans. These loans are funded by the Govt. and you can obtain 100% financing. The term of the loan for manufactured home is 30 years. The mobile home has to be permanently installed and must comply with the guidelines as per the HUD Manufactured Housing Construction and Safety Standards.

Post Posted: Sun Aug 11, 2013 10:44 am    Post subject:

have some land but have a low creditscore havejob have work hard just need some help please
Icon Mini Profile adonis

Joined: 22 Oct 2005

Posts: 12177
Location: ALASKA
1313.62 Dollars($)
Post Posted: Sun Aug 11, 2013 10:36 pm    Post subject:

Welcome Guest,

With a low credit score, it will be difficult for you to qualify for any kind of loan. You should take steps to improve your credit scores and then apply for a loan. That will make things easier for you.

Procrastination is the enemy of your financial success
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