Homeowner / Borrower
Homeowner/Borrower Services
These days most loans on manufactured homes are likely to be
either an FHA-insured loan whether it is a purchase, a refinance or a Reverse Mortgage. Any
FHA-insured loan will require an Engineer's
Certification or Affidavit. We can provide expedite a letter on behalf of the lender if the
home meets the foundation guidelines set forth in the PERMANENT
FOUNDATION GUIDE FOR MANUFACTURED HOMES, HUD 1996. If the home does
not meet the foundation requirements, we can assist with the necessary
repairs. However if your home is built before June 15, 1976, you can
stop right there! It is impossible to get an FHA loan on a home built
before that year, no matter how beautifully you have remodeled or
upgraded the home.
For the California homeowner, most loans will require a 433A,
a recorded document known as INSTALLATION OF A MANUFACTURED HOME ON A
FOUNDATION. If a search shows that a 433A does not exist, the only
alternative may be to have us to install one of the many state
certified permanent foundations available in California.
If you live in a rental park and it is converting to resident ownership, often a condition of purchase is the installation of a state-certified or FHA foundation. We can help you with all phases of the title change.
And if you live in a manufactured home and want to sell it
yourself, check out our For Sale By Us Advertising Page. You can include
your home on our website for a nominal fee.
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