Aug
5
First time home buyer.Have been approved for FHA loan,does anyone know?
Filed Under Renting & Real Estate
SweetP asked:
We have been approved for an FHA loan. We found a doublewide trailer on 4 acres that we like. Does anyone know if fha will approve the loan on a trailer-house? I know FHA has certain restrictions for buying. Dont wanna make an offer and get our hopes up, if the mortage company is going to deny the place. Like I said we Really like it alot….Its a 2005 Solitaire Double-wide. In a very nice neighborhood, and its in the country…
Brian
We have been approved for an FHA loan. We found a doublewide trailer on 4 acres that we like. Does anyone know if fha will approve the loan on a trailer-house? I know FHA has certain restrictions for buying. Dont wanna make an offer and get our hopes up, if the mortage company is going to deny the place. Like I said we Really like it alot….Its a 2005 Solitaire Double-wide. In a very nice neighborhood, and its in the country…
Brian
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2 Responses to “First time home buyer.Have been approved for FHA loan,does anyone know?”
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April
Some banks won’t take them, even if FHA would insure the deal.
But a doublewide, on a permanent foundation, built after 1978 or 1976? is generally acceptable to FHA.
Wells Fargo is pretty good on these.
William
Yea they will, but everything better be working perfectly, if it is not 100% functional then FHA will deny it.