FHA Manufactured Home Loan
Like our non-government insured manufactured home loans, our programs for FHA manufactured home loans will finance the purchase and refinance of new and existing single wide, double wide and triple wide manufactured homes. Our FHA manufactured home loans are available in all areas of Florida.
Customers choose an FHA guaranteed manufactured home loan for the same reasons they choose FHA for a traditional site build home.
With or Without Land
Our FHA manufactured home loans are available for homes with land and homes on rented land (park homes).
HUD Label
FHA will not insure a manufactured home loan that is missing one or more HUD certification label and no label verification letter is available. If the red hud certification label is missing or, badly damaged, you or the seller may obtain a label verification letter by following the instructions on the Institute for Building Technology and Safety (IBTS) website at www.ibts.org The process takes about 3 - 5 business days and costs roughly $50 per HUD label.
Foundation
Most FHA specific problems with manufactured homes involve the foundation and skirting. FHA requires that a new manufactured home be installed by State of Florida licensed installers and bear the seal of a Florida licensed professional engineer. The problems typically occur when a customer wants to purchase an existing manufactured home that was not installed per FHA standards.