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FHA Loans For Site-Built Homes?

July 17, 2012

A reader asks, “I have learned a great deal from just this information listed on this website. However one question remains, are FHA loans eligible for site built homes? I see a listing for HUD homes, and refinancing, but are ground up homes eligible for FHA backed loans?”

According to FHA loan rules, FHA mortgages are available from participating lenders for “proposed construction, under construction or existing construction less than one year old”. There are established FHA procedures and guidelines for these loans including:

Joe Wallace - Staff Writer

By Joe Wallace

Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.

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FHANewsBlog.com was launched in 2010 by seasoned mortgage professionals wanting to educate homebuyers about the guidelines for FHA insured mortgage loans. Popular FHA topics include credit requirements, FHA loan limits, mortgage insurance premiums, closing costs and many more. The authors have written thousands of blogs specific to FHA mortgages and the site has substantially increased readership over the years and has become known for its “FHA News and Views”.

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