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Can a FHA 203K loan cover installing a permanent foundation on a Manufactured Home

by merv1127102 from , California. Nov 20th 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

More info needed.. It possible but only if the lot/real estate is included.. If you are renting or leasing the space, then you cannot use FHA for financing.. Another issue is in regards to the MFH.. if this is a brand new home being moved from the retailer or the retailers lot to your lot for affxiture, then that's acceptable. but if you have a MFH already, and you are looking to permanently affix it.. then you cannot use FHA for that.. Of if you purchased a used MFH and are moving it to your lot,, then same.. FHA wont do that.. The bigger problem is finding a lender who will do FHA 203K on a MFH.. I don't know if any lender who will do a 203K on a MFH.. I'm not saying they don't exist.. only that I don't know if anyone who does them. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Nov 20th 2017
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