My husband and I were pre-approved for a FHA loan on a manufactured home through that company’s lender. But after researching, we think a site built home will be better in the long run. We went to Wells Fargo since that is where we bank. Currently the FHA loan is in underwriting. Since we were approved once, does that mean we will get approved again and for the same amount?
**We went through our bank for the site built home and explained everything to the loan officer. We have gave her our paperwork and when I spoke w/her earlier this week for a status, she mentioned our paperwork was given to the processors and is in underwriting. I figured she meant in the pre-approval process.
Also, we never signed a go ahead w/the manufactured home company. Instead we went to our bank for the stick built home loan.

Technorati Tags: earlier this week, fha loan, home loan, loan officer, manufactured home, paperwork, pre approval, processors, wells fargo

The Foundation Meets and exceeds Michigan Code. So says the Local Building Inspector. I’m looking at an FHA loan. They go by HUD guidelines. HUD says, the blocking ontop of the Piers must be Mortared, it is NOT in this case. The House is straped down to the surround footing frost wall. Does anyone have any experience with FHA/HUD Foundation Guidelines, existing foundations, Not new, and will this pass inspection if the Cinder blocks between the concrete piers and chassis are not mortared? I am finding all kinds of different answers..

Technorati Tags: building inspector, chassis, cinder blocks, concrete piers, fha hud, fha loan, foundation guidelines, foundations, frost wall, hud guidelines, ontop

I need info on FHA loans, like I am a little familiar with what they are and how they work.
But, can you get an FHA loan for a manufactured home? It’s not a mobile home, its a manufactured home that is permanently affixed to the ground..but anyways, would I be able to even get an FHA loan right now with the economy or is th Media making it sound alot worse than it is?

Technorati Tags: economy, fha loan, fha loans, manufactured home, mobile home

My husband and I applied for a home loan pre-approval a week ago. They said that we would qualify but we are still waiting on them to contact us with the actually numbers. This was for a manufactured home. Well, after much discussion we decided that we could be beter off just buying a modest 2.3 bedroom house that needs a little work and do the work ourselves. So, today I applied for a pre-approval FHA loan online with a local mortgage company. Did I just hurt our credit by doing this?/ Lessing the chances we will get either loan?? I know that applying for credit hurts your score but how much does it hurt it?? these are the only two times we have applied for credit in the last six months, with the exception of a Walmart Card…

Thanks!!!

Technorati Tags: fha loan, home loan pre approval, lessing, manufactured home, mortgage company, score, six months, walmart

If my parents gift me an acre of their land outside the city limits and they still owe on the land, does that mean I can consider that acre to be in my name, therefore use it to obtain an FHA loan for a manufactured home? Right now I have to get a Chattel loan since I don’t own the land. The interest rate on a Chattel loan is 2.5% higher than an FHA and that sucks. What are my options?

Technorati Tags: acre, chattel loan, city limits, fha loan, interest rate, manufactured home, parents

Have I messed up by applying for two different home loan pre-approvals?
My husband and I applied for a home loan pre-approval a week ago. They said that we would qualify but we are still waiting on them to contact us with the actually numbers. This was for a manufactured home. Well, after much discussion we decided that we could be beter off just buying a modest 2.3 bedroom house that needs a little work and do the work ourselves. So, today I applied for a pre-approval FHA loan online with a local mortgage company. Did I just hurt our credit by doing this?/ Lessing the chances we will get either loan?? I know that applying for credit hurts your score but how much does it hurt it?? these are the only two times we have applied for credit in the last six months, with the exception of a Walmart Card…

Thanks!!!

Technorati Tags: fha loan, home loan pre approval, lessing, manufactured home, mortgage company, score, six months, walmart

Is it possible to buy a piece of land plus a new manufactured home with an FHA loan? I would plan on having the home there permanately.. say a foundation. But, is it possible to buy the land and the new home all on one fha mortgage?
I wanted to buy a good bit of land, so I can eventually build a boarding kennel (business).

Technorati Tags: boarding kennel, fha loan, fha mortgage, kennel business, manufactured home

Was just wondering if anyone would know if it was possible to buy land through a conventional loan, and then use a FHA loan to pay for the manufactured house?

Technorati Tags: conventional loan, fha loan

i live in west virginia. i am wanting to buy a manufactured home. can i get an FHA loan?

Technorati Tags: fha loan, manufactured home, west virginia

My fiance and I found a place on almost 3 acres and they’re not even asking 70,000 for it! His credit isn’t bad, but it’s not the best and mine is not even worth trying. The banks won’t even touch it and I was wondering if anyone knew of a company that will do an FHA loan on the house. He’s planning on putting a down payment as well.
It was built in 2002. If we can’t do the FHA loan, then what would be the best way to go?

Technorati Tags: banks, fha loan, fiance

Hello all, I’m looking to buy my first home before the tax credit expires (again) in May 2010. I’ve been looking, and I think the route I want to pursue is to buy a used double-wide being sold to be moved from a private individual. My question is how likely am I to get financing to do this? I’ve heard it’s difficult, and I need to know the steps I need to take to get everything financed together (home, land, septic and setup). Also, what kind of down payment should I expect? Would I be eligible for an FHA loan which only requires 3.5%? Stick built homes are expensive around here and new manufactured homes are expensive too.

Thanks for your help!

Technorati Tags: fha loan, manufactured homes, private individual, tax credit, thanks for your help

We recently looked at a manufactured home (mobile home on private land) which is different from a modular home. We paid 300 bucks for the inspection and then the bank decided to tell us we could not get an FHA loan for a manufactured home. Is a modular home covered by FHA loans? We found another home that is awesome, but are unsure if we can get the house or not. I could wait until tomorrow to found out the answer, but I am too impatient LOL. So can I get an FHA loan for a modular home?

Technorati Tags: fha loan, fha loans, lol, manufactured home, mobile home, modular home, private land

Im trying to find a bank that will finance a doublewide on perm. foundation with 1.5 acres.Id like to apply for FHA loan. I live in central Al. Does anyone know who i can go to??

Technorati Tags: central al, doublewide, fha loan

We purchased a new mobile home 9 years ago. At that time, we financed approx. ,000, a 30-year mortage, with the fixed interest rate of 9.25%. Our montly payment is only 0. Here it is, nearly 10 years later, we still owe ,000 and no bank will refinance because they say the home is not worth it. SO, I’ve been making add’l payments, usually about an extra a month. My question is, when I apply that add’l pymt. (which is on a separate check and indicates "add’l principal") why does nearly all of my initial 0 pymt. go to interest?
If I only make my 0 payment, more goes towards the principal. I’m not making headway either way it seems. I don’t understand this. We were young & naive when we bought this home, and now we’re stuck.
Currently we do not own the land it is on, but we do own 6 acres that we plan to move the home onto. Would this qualify me for a FHA loan then?

Technorati Tags: 10 years, amp, fha loan, fixed interest, headway, interest rate, mobile home, mortage, pymt

We were looking into buying a home from a company. We had been denied an FHA loan initially with a lender. We decided to look into the option of a modular home because they had a different set of financing.

We were approved easily enough and everything sounds great.

No down payment. (up front)
No closing cost.
But the catch is, we give them the 8,000 dollar house credit we will recieve "as the down payment."

Now, I may be thinking about this all wrong, but with the amount of our loan, the fact that it is FHA (through them) and the closing cost I really don't think all that would add up to 8,000.

When we looked at a similar house, they quoted us at around 3,000 dollars as a down payment for the FHA loan.
Even if our closing costs were 3,000 dollars that still doesn't add up to the 8,000 that they're asking from us in the end..

Is there something I'm over looking in the procedure that makes this a good deal or am I right about my gut instinct that something seems fishy?

Thanks in advance!
What I'm wondering about is if this is actually a reasonable deal? We've never bought a home before so we don't know all the fees and other things that go along with it. For all I know, 8,000 dollars is the right amount to make it happen. I'm just not entirely sure. It would be great b/c we don't have a down payment at the moment, but I'm unsure.

Technorati Tags: buying a home, closing cost, closing costs, fha loan, gut instinct, modular home, thanks in advance