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  • FHA Manufactured Home Loans

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    Scott Robnett
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    FHA requires a 3.5% down payment and allows for fixed rate loans with up to 30 year terms. Additional guidelines apply So be sure to allow 2 extra weeks to close.

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    FHA Manufactured Home Loans

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    FHA requires a 3.5% down payment and allows for fixed rate loans with up to 30 year terms. Additional guidelines apply So be sure to allow 2 extra weeks to close.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    54 views1 page

    FHA Manufactured Home Loans

    Uploaded by

    Scott Robnett
    FHA requires a 3.5% down payment and allows for fixed rate loans with up to 30 year terms. Additional guidelines apply So be sure to allow 2 extra weeks to close.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    ManufacturedHousing FHAFinancingisBack

    FHAFinancingisbackagainformanufacturedhousing. FHArequiresa3.5%downpaymentandallowsfor fixedrateloanswithupto30yearterms. Additionalguidelinesapplytomanufacturedhome loans.Sobesuretoallow2extraweekstoclose. Theseinclude 1. Propertymustbetaxedasrealestatenotpersonal property 2. Mustbebuiltonandremainonpermanentchassis 3. Onlyunitsbuiltin/after1988qualify 4. Mustbeinitsoriginallocation 5. Foundationmustbecertifiedbyanapproved structuralengineer. 6. Loanamountnotlessthan$50,000 7. Maximumof10acresandlandvaluecannot exceed70%ofpropertyvalue.

    ScottRobnett Phone6362441249 Cell3143785818 scottrobnett@leader1.com NMLS# 268124 11715AdministrationDr. Suite226 St.Louis,MO63146

    LeaderOneFinancialCorporationisanEqualHousingLender.WefullycomplywiththeEqualCreditOpportunityAct(ECOA)andall otherfederalregulations. StateLicense# MB.6760669 IllinoisResidentialMortgagelicensee OfficeofBanksandRealEstate,MortgageBankingDivision,1900,Chicago,Illinois, 60603,(312)793300011020KingSt.,Ste.390OverlandPark,KS66210MB.6760669

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