Refinancing Manufactured Home (credit, Mobile, lenders, FHA)
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Hi all!! Just found this forum. I have a manufactured home on a fixed foundation (block foundation). It is a beautiful home. anyhoo, i would like to refi. any idears??? i tried about 6 months ago, but lenders are prejudiced about manufactured homes. they lump them in with mobile homes.
i know countrywide will do it, they charge 1/2 point more for manufactured homes. huh.
1/2 a point on manufactured homes is not bad...most of my lenders are at least a point. Check with the local Farm Credit office and see what they can offer.
Hi all!! Just found this forum. I have a manufactured home on a fixed foundation (block foundation). It is a beautiful home. anyhoo, i would like to refi. any idears??? i tried about 6 months ago, but lenders are prejudiced about manufactured homes. they lump them in with mobile homes.
i know countrywide will do it, they charge 1/2 point more for manufactured homes. huh.
A manufactured is a mobile home...no??
Or, do you have a modular home (built in a factory and shipped to site in 2 or more peices) that is not attached to a permanent frame?
I too would suggest you go to a mortgage broker that does FHA. Just did an FHA refi on a mobile and got the client 5.5%. It is about the last option out there for mobile/manufactured, which yes, is the same thing.
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