Real estate blog entries tagged with fha by Rebecca @ Schrader Inc.

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fha: Single wide loan update! - 03/22/09 10:09 AM

Things have gotten a bit tighter in the single wide home department. There are currently ZERO FHA or VA insured lenders doing single wide home loans. There are only a few doing double wides too. The default rate and/or depreciation must be too much to bear.
That said, with about 25% … (0 comments)

fha: Single wide mobile home loans, ALL DAY LONG! - 11/15/08 11:13 AM

A day doesn't go by that we don't get a call for financing ideas on single wide mobile homes. There are so many in Florida, because people retire here on fixed incomes and single wides are a super value. But, if you can't pay cash for your retirement pad, what are … (9 comments)

fha: Seniors Get Mortgage That Makes Payments To THEM - 11/12/08 04:25 PM

An exclusive mortgage for seniors only. It allows them to have their home pay THEM a monthly payment. Now, seniors 62 and older can qualify for a special type of mortgage that makes monthly payments to THEM! It's really true and easy to qualify, basically just answer a few simple … (2 comments)

fha: Florida Has a Mobile Home Financing Expert! - 10/22/08 08:43 AM

HUD, in June of 1976, began regulating how manufactured homes would be built. Previously, it was every manufacturer for themselves and some homes were great and some, not so much.
All post 6/76 homes have minimum wind speed restrictions and several other requirements. Through the years, and especially after … (2 comments)

fha: Seniors that lost a bit in the market can get their home to pay them a monthly check - 10/11/08 05:52 PM

Seniors over 62 can get monthly checks paid to them out of the equity in their homes. What a budget balancing tool!
Qualification is easy, there is no minimum credit score and the hardest part of the approval is being 62 or older.
If their is sufficient equity and a monthly … (0 comments)

fha: Mortgages exclusively for Seniors - 10/07/08 06:22 PM

Now, seniors 62 and older can qualify for a special type of mortgage that makes monthly payments to THEM! It's really true and easy to qualify, basically just answer a few simple questions and your options will be explained.
The money can be used for whatever the senior wishes.
Visit our website … (1 comments)

fha: Singe Wide Mortgages - made SIMPLE! VA FHA Conventional - 07/25/08 10:47 AM

I just helped a veteran buy a single wide mobile / manufactured home with 100%
financing and 6% seller concessions!!!!
FHA loans still require a 2.25% down payment, but the FHA will allow the seller to contribute 6% toward the buyers closing costs, pre-paid interest and home owner's insurance policy.
… (0 comments)

fha: Single Wide - mobile home financing? - 06/23/08 10:11 AM

100% Financing on a Single Wide!
I just helped a veteran buy a single wide mobile / manufactured home with 100% financing and 6% seller concessions!!!!
FHA loans still require a 2.25% down payment, but the FHA will allow the seller to contribute 6% toward the buyers closing costs, pre-paid … (2 comments)

fha: Single Wide financing 100% VA loans - 06/10/08 11:54 AM

fha: Singe Wide Mortgages - made SIMPLE! - 06/06/08 02:48 PM

I have a list of lenders that will finance mobile / manufactured homes in Florida. I know a lot of people have been turned away on this property type because so many lenders have had so much trouble with these.
A lot of lenders are having great success though too, so … (0 comments)

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