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need help reverse mortgage

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Icon Mini Profile oiler98_99





Joined: 29 May 2009

Posts: 2

1.29 Dollars($)
Post Posted: Mon Jun 08, 2009 12:53 am    Post subject: need help reverse mortgage
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need reverse mortgage on 1974 dlb wide on 1 arce paid for permanent foundation in idaho they say there is a few lenders for but i can't seem i can't findthem. please help with any info. thanks
Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Mon Jun 08, 2009 5:27 am    Post subject:
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Hi

You'll hardly find any lender who would want to finance a 1974 double wide home. In order to be eligible for a mortgage, a mobile home has to be in compliance with the safety regulations of the Federal National Manufactured Housing Construction and Safety Standards Act of 1974. This is why the mobile homes built prior to 1976 do not qualify for any mortgage.
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