| Author |
Previous Topic | Next Topic |
|
subprime
3598 Posts |
 Posted - 06/19/2008 : 10:26:26 AM
|
Anyone know what FHA lenders are still handling manufactured homes?
Thanks in advance for your help! |
|
Reegor
451 Posts |
Posted - 06/19/2008 : 10:35:45 AM
|
| TBW and Flagstar |
|
|
Jeshuac
88 Posts |
Posted - 06/19/2008 : 10:44:45 AM
|
| Stearns and Freedom mortgage still do them. |
|
|
jpulcano
263 Posts |
Posted - 06/19/2008 : 10:45:53 AM
|
We are direct lenders, specializing in HUD code manufactured homes. Please feel free to contact us if we can help.
Have a great day
Jackie Pulcano or Scott Rosenberg
United Mortgage Corp. ~ HUD approved since 1992
800-462-4862
jpulcano@unitedmortgage.com srosenberg@unitdmortgage.com
Lending in: CA, CO, CT, DE, FL, GA, IN,MD, ME, MI, MO, NC, NJ, NH, NY, NM, PA, SC, TX, TN, WA
|
|
|
lindabj882
700 Posts |
Posted - 06/20/2008 : 09:32:55 AM
|
I think US BANK still can do FHA for manufactured homes with min 600 fico score...
Linda |
|
|
dkendall1979
9487 Posts |
Posted - 06/20/2008 : 09:33:42 AM
|
| 580+ fico |
|
|
raysixstar
117 Posts |
Posted - 06/20/2008 : 1:12:31 PM
|
We do them in the states below, also 203K STREAMLINES ALL DAY.
THANKS |
|
|
dkendall1979
9487 Posts |
Posted - 06/20/2008 : 1:14:18 PM
|
What's your wholesale website?
I get requests for 203k loan daily from my brokers.
quote:
Originally posted by raysixstar
We do them in the states below, also 203K STREAMLINES ALL DAY.
THANKS
|
|
|
HollywoodLO
261 Posts |
Posted - 06/20/2008 : 2:18:41 PM
|
| West America will do it. Got conditions on one today. |
|
|
raysixstar
117 Posts |
Posted - 06/24/2008 : 07:10:38 AM
|
Website being redone, but our general site is www.firstresmortgage.com
Thanks |
|
|
mortgagegirl1010
189 Posts |
Posted - 06/24/2008 : 08:42:53 AM
|
| Flagstar and Veterans Mortgage |
|
|
bgmancini
27 Posts |
Posted - 06/24/2008 : 09:08:49 AM
|
| TBW usually has the best rates, Flagstar is always willing to do them but have recently implemented a 1 point hit on all MFG. |
|
|
MacMortgage
70 Posts |
Posted - 06/24/2008 : 09:41:45 AM
|
TBW will give you great rates, but 30 day underwriting times.
Flagstar requires use of three approved national appraisal companies for all mohos and 580+. |
|
|
mganovsky
1910 Posts |
Posted - 06/24/2008 : 10:48:32 AM
|
If it is a mobile home or what I call a Trailer then you must have an Engineer foundation report for FHA lons:
A foundation report must be provided by a licensed structural engineer, stating that "the home foundation (including additions and porches) meets the Permanent Foundations guide for Manufactured Housing, Revised HUD-007584, September 1996 and HUD's Manufactured Home Construction and Safety standards, and the footings are designed for the existing soil conditions.
This has been my biggest hurdle with manufactured housing, first the report costs about $700, then if it is not up to standard it could cost the owner $3000 to $4000 to get done and it must be done prior to getting clear to close on the loan. A county foundation or inspection report is not good enough.
I ask for the foundation report first thing and have found that most do not have it. |
|
|
TheMoneyStoreguy
204 Posts |
Posted - 06/24/2008 : 11:49:18 AM
|
The Money Store is doing manufactured homes. Manual underwrites down to 580, and with Approved Eligible to 550. 24 to 48 hour turn times
|
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
