I just this morning found out that VA loans on MH's are still avail. and at 100%! I really did not know this, and wondered if their are others out there like me. Also, the MH's DO NOT have to be new, and they DO NOT have to pass FHA guidelines- like many lenders will tell you. ( I've heard these 2 several times).
I called the VA to confirm. They told me that if the MH was up to county or city code that is all that is required.( and that the VA appraiser doesn't find anything that concerns him/her that is)
Anyway, it sounds like a viable way to sell a MH without all the red tape of FHA, or the large downpayments of conventional financing. Oh course, the buyer has to qualify as a vet- but I think they're are more out there than we think.
I believe we need to be asking our buyers if they are currently, or have served in the military as part of our interview.
Hope this helps someone.
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