Many lenders will not do a loan on a doublewide if there are also singlewides in the subdivision. Old FHA rules stated this, and these communities could not get FHA approval long ago. This FHA rule is gone, but some of the lenders that still do manufactured home loans still will not approve a loan of any kind in a subdivision that has singlewides in it....and they will not loan on singlewides, period.
It is a good thing that I work with lenders that do not have this restriction. So, singlewides and doublewides living together in harmony....it is a good thing.
Eric North
Arizona Wholesale Mortgage
602-524-2454
It is a good thing that I work with lenders that do not have this restriction. So, singlewides and doublewides living together in harmony....it is a good thing.
Eric North
Arizona Wholesale Mortgage
602-524-2454
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