Can I buy a manufactured home FHA

Yes, it is possible to get a mortgage on a manufactured home with an Federal Housing Administration (FHA) loan. FHA loans are government-insured mortgages that are designed to help low- and moderate-income borrowers purchase homes, including manufactured homes.

To qualify for an FHA loan on a manufactured home, the home must be permanently affixed to a foundation and meet certain other requirements. The home must also be classified as real property, which means it must be taxed as real estate and must be eligible for a mortgage.

To determine if a manufactured home is eligible for an FHA loan, you will need to have the home inspected by an FHA-approved appraiser. The appraiser will look at the condition of the home and verify that it meets all of the FHA's requirements. If the home meets these requirements, it will be eligible for an FHA loan.

In addition to the requirements for the home itself, you will also need to meet the standard eligibility requirements for an FHA loan, such as having a good credit score, a stable income, and a sufficient down payment. The amount of the down payment will depend on the value of the home and your credit score, but it can be as low as 3.5% of the purchase price for some borrowers.

If you are interested in getting a mortgage on a manufactured home with an FHA loan, please contact a Rize Mortgage loan officer who can help you navigate the mortgage process.

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