Ar_home_b_search
 



manufactured home: Manufactured Home Refinance With FHA Loans Part 2 - 10/23/07 03:54 AM
In part 1, we noted that many manufactured homes are purchased with loans which have terms that make refinancing an absolute necessity. Owner financing or bank financing with high rates and/or balloon notes need to be refinanced as quickly as possible.
Let's now explore the qualification and processing requirements for using an FHA insured loan to refinance a manufactured home. Most of these items should be handled by your mortgage professional, however it is useful for you to be aware of the guidelines yourself.
The first step is to determine whether the home was built after 1976 according to HUD Code. … (11 comments)

manufactured home: Manufactured Home Refinance With FHA Part I - 10/11/07 10:41 PM
More information about FHA financing is available at FHA Loan Advice.
Purchasers of manufactured homes often use short term financing from a bank (for example, a five year balloon note) or short term, high interest rate owner financing to cover the cost of setting up their new home. Since each of these methods of financing the manufactured home must be paid off in a short period of time, owners of manufactured homes should begin looking for replacement financing as early as the end of the first year. The end of the first year is the beginning of the time that the loan … (3 comments)

 
30484_1118766985527_1717597777_213494_798318_n3

Carl Pruitt - http://FHALoanAdvice.com

Buford, GA

More about me…

FHA Loan Advice

Office Phone: (678) 245-4744

Email Me

Information and updates about FHA mortgage programs


Links

Archives

RSS 2.0 Feed for this blog

Find GA real estate agents and Buford real estate on ActiveRain.