FHA

MANUFACTURED HOME LOANS

 

 

Only 3.5% Down!  Maximum $500,000 loan amount

Primary Residences Only

96.5% Maximum loan to value

If property affixed to foundation less than 1 year maximum loan to value is 90%

15 or 30 year fixed, or Annual Arm

No Prepayment Penalty

No Lease Land Fee simple land only

Minimum 22 ft wide Double Wide 600 minimum sq. feet

Home can NOT have been relocated / moved

Must be permanently affixed to a foundation

Recorded 433-A foundation endorsement required

Must be built after June 15^th of 1976

Must be taxed as real estate

Can NOT be located in a flood zone

Type I Stem Wall & Type II Pier & Post foundation OK

Must have Structural Engineers Certification