FHA 203k loans and Manufactured homes?
Is it possible to get a FHA 203K loan on a manufactured home (this is not a trailer park home)?
This home is in foreclosure and has some light damage to the blocks along one wall of the basement (hubby is a contractor). It’s something we’d fix on our own, definately livable in the mean time. The bank that holds the title wants it done prior to move in but since it is in foreclosure and ‘as is’ the bank is unwilling to do it. It seems we are the 10th offer on the house but no one seems to be able to get the appropriate loan.
A 203k is a type of loan not the price. The home is permanantly affixed to the foundation. It is NOT a mobile home.
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