Articles in Category: Mobile Home Loans

February 9, 2011

Using the FHA Lender List

For first-time home buyers, the FHA loan process seems complicated. The loan application itself requires a great deal of information including credit and employment history, a record of your previous residences, and a list of your verifiable income. Any home loan application requires this level of detail in order to process the loan correctly, but for some borrowers just getting to that point can be challenge. What does a buyer do when they don't know who to submit a loan application to?

February 2, 2011

FHA Loans: Using Online Calculators to Choose the Loan For You

By Bruce Reichstein

When you want to get an FHA loan--especially for that first home purchase--there are a lot of options to choose from. How does a buyer know which FHA loan product to choose? There are many ways to answer that question, but it all depends on the buyer, what his or her goals are, and how important certain kinds of savings are to the future home owner.

January 20, 2011

FHA Loans for Unique Properties

By Joe Wallace

House hunting has some unique challenges depending on the type of property a buyer wants. When an FHA loan applicant finds a home that isn't quite standard but still desirable, the buyer and seller alike may be a bit nervous when it's time to have the property looked over by an FHA assigned appraiser. Sometimes establishing fair market value isn't the reason for those nervous feelings; the buyer and/or seller might be worried the property won't get appraised at all because of those features.

January 19, 2011

What is the FHA Definition of a Manufactured Home?

By Joe Wallace

FHA home loans are available for mobile homes, manufactured homes and/or modular homes. How does the FHA define a manufactured home and how is it different than a new construction or existing construction suburban home? Much depends on the status of the manufactured home and how it is assembled. According to the FHA official site, a manufactured home differs from a new construction project in one very important way.

November 1, 2010

FHA Loan Features

By Joe Wallace

As the official site of the Department of Housing and Urban Development says, the FHA loan program has been running since 1934. This program is designed to help ordinary people get into affordable home loans with low down payment requirements, low closing costs and credit requirements that are more lenient than conventional loans.

July 15, 2010

Can I Get an FHA Loan for a Mobile Home?

By Bruce Reichstein

The FHA has a program that lets FHA loan applicants get financing (or refinancing) for the purchase of mobile homes, a developed lot for the mobile home, or the combination of the home and the lot. Like other FHA loan products, the mobile home must be considered the primary residence of the FHA borrower.

July 6, 2010

Why Should I Consider an FHA Loan?

By Bruce Reichstein

There are plenty of reasons to consider an FHA loan.FHA insured home loans can be used for a variety of properties and purposes. Those who apply and qualify for FHA loans can purchase a home for up to four families, a condo or even a manufactured home on a permanent foundation.