The secondary mortgage market's appetite for manufactured housing(mobile home) financing has declined recently to say the least. If you are marketing a manufactured home or looking to purchase one, keep in mind that FHA still allows for single, double, and triplewide financing on manufactured homes given they meet FHA's criteria. Some of the basic criteria include a HUD sticker and an engineer certification that the foundation meets all HUD requirements. The home also needs to have all axles, wheels , and hitch removed as well. The property needs to be typical for the area and be taxed as real estate as well.
As long as the property and borrower qualify, FHA is still a great opportunity for low down payment financing on manufactured homes.
Michael Byrne
Mortgage Specialist
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FHA loans and Manufactured Homes Don, this looks like some information that you are looking for.
Thanks,
Michael Byrne