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You can get FHA-insured financing for either mobile homes or factory built houses. The loans for mobile homes located in mobile home parks are separate from the FHA loans for people who own the land where the mobile home would be located.

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August 21, 2018
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FHA Loans for Manufactured Homes?

FHA Common Question #28

The good news is, according to current FHA loan guidelines, you can get FHA-insured financing for either mobile homes or factory built houses. The loans for mobile homes located in mobile home parks are separate from the FHA loans for people who own the land where the mobile home would be located.

Many people don't realize that FHA loan guidelines do permit a retailer to make modifications to a manufactured or mobile home, but such alterations must comply with HUD code. According to FHA loan guidelines, the definition of "alteration" is the replacement, modification, addition or removal of any equipment or installation before the sale to the homebuyer. Your FHA loan officer has more information on FHA loan guidelines for buying mobile homes, but be sure to read The Manufactured Home Consumer Guide for up-to-date information on issues, which pertain to your FHA loan.

While the FHA has these programs, most FHA lenders either choose not to participate in them or have additional qualifying overlays which are more stringent than the FHA. It is not mandatory for an FHA lender to offer certain products and you should contact each lender to see if they offer the product you need.

NEXT:  What About Refinancing an FHA Loan?

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FHA Loan Articles and Mortgage News

How Should I Use My FHA Cash-Out Refinance Money?

August 12, 2018 - FHA cash-out refinance money is good for any purpose the borrower wants to use it for; the cash-out refi loan is different in that respect than a refinance loan to rehab a house (FHA 203(k) loans, for example) or to purchase and rehab a home.

Is the Cash I Need To Close My Loan Included in the Down Payment?

August 9, 2018 - FHA home loans feature a minimum required investment, also known as a down payment, of 3.5% of the adjusted value of the home. This down payment is required for new purchase FHA mortgages. The FHA home loan origination fee is another expense charged to the borrower.

FHA Mortgages vs. Conventional Loans

August 6, 2018 - Why should borrowers consider an FHA mortgage over a conventional loan? There are many reasons why-some are situational, others may come down to how much the house hunter wants to budget for a down payment.

How to Remodel Your Home With an FHA Mortgage

August 4, 2018 - The first thing to think about before you start getting ready to apply for an FHA mortgage to refinance and remodel is how old your current mortgage loan is. The longer you have been making payments, the more buying power you might have with a new loan.

FHA Loan Tip: What a Home Inspection Tells You

August 3, 2018 - The home inspection on the property you buy with your FHA mortgage is something you the borrower must arrange and pay for. It covers the roof, the basement, crawl space, the mechanical systems of the home, foundation, and much more.

FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!