modular home: Manufactured homes vs Modular Homes: FHA, VA, and Conventional Loans - 10/10/16 03:29 AM
Manufacture homes are eligible for financing with FHA, VA, and conventional loans. For many buyers looking for maximum square footage at a lower price, manufacture homes can be an attractive option.
The most important additional step for financing a manufactured home is the requirement for an engineer to verify that the home foundation meets HUD guidelines. The guidance is in HUD publication 4930.3. Generally the manufactured home foundation requirements pertain to piers and underpinnings, and the depth of the piers. The exterior (visible) foundation is most often decorative skirting.
One question that is often raised when a home is for sale is the … (0 comments)