Texas residents: I am a loan officer working for Lighthouse Lending. I can help you get the best rates on home mortgages. We work with several lenders so we can offer the best deals available.
We offer FHA, VA, Rural Development, Conventional Loans, Reverse Mortgages -- even mortgages for Mobile Homes!
If you live in Texas and you are purchasing a home, refinancing for a better rate, or using the equity in your home to pay off bills, get in touch with me for the best rates. My email is lcraigharris@gmail.com.
See http://www.lighthouselending.net/ or http://www.texasreversemtg.net/ for more information on our company. We are part of Open Mortgage. http://www.openmtg.com/.
Our office is 111 W. Anderson Ln., Suite D213, Austin, Texas 78752
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Here is some information on getting an FHA Loan on a Mobile Home:
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The customer pays real estate taxes.
Wheels, axles and trailer hitches have been removed from unit.
The unit does not have a Motor Vehicle Registration Number [VIN Number].
The unit (single-wide or double-wide) was built after June 15, 1976.
Verification tht the HUD RED TAG is attached to property (1 for single-wide and 2 for double-wide units). If property does not have the identifying HUD TAG(s), the home is not eligible for FHA financing.
Meets all building codes and regional FHA foundation requirements. (Registered engineer's certification is required.)
First-time put down; not moved from another site (unit must not have been installed or occupied previously at any other site or location).
The land is owned "fee simple" (or has acceptable leasehold approved by Appraisal Underwriting Department).
The footings / piers must be located below the frost line (per state code -- registered engineer must certify).
The unit must have a permanent perimeter foundation of poured concrete, masonry blocks, or pressure treated wood (impervious to rot and infestation).
If there are any additions or structural modifications to the original structure, provide an inspection by the State Administrative Agency which inspects manufactured homes for compliance. (If no agency is willing or able to inspect the existing home for compliance to manufactured home construction and safety standards, the home is unacceptable, not eligible for FHA financing, and will be rejected.) ***May also be done by a registered engineer.*** [i.e., a registered Professional Engineer or P.E.]
Must be a minimum of 400 square feet. If less than 400 square feet, property will not be eligible for FHA financing -- no exceptions.
Is the home in, or to be in a flood zone A or V? The finished grade elevation beneath the manufactured home, or if a basement is used, the lowest finished exterior grade adjacent to the perimeter enclosure, must be at or above the 100-year return frequency flood elevation. One must provide a flood elevation certificate / survey to verify before the property can be approved.
The customer pays real estate taxes.
Wheels, axles and trailer hitches have been removed from unit.
The unit does not have a Motor Vehicle Registration Number [VIN Number].
The unit (single-wide or double-wide) was built after June 15, 1976.
Verification tht the HUD RED TAG is attached to property (1 for single-wide and 2 for double-wide units). If property does not have the identifying HUD TAG(s), the home is not eligible for FHA financing.
Meets all building codes and regional FHA foundation requirements. (Registered engineer's certification is required.)
First-time put down; not moved from another site (unit must not have been installed or occupied previously at any other site or location).
The land is owned "fee simple" (or has acceptable leasehold approved by Appraisal Underwriting Department).
The footings / piers must be located below the frost line (per state code -- registered engineer must certify).
The unit must have a permanent perimeter foundation of poured concrete, masonry blocks, or pressure treated wood (impervious to rot and infestation).
If there are any additions or structural modifications to the original structure, provide an inspection by the State Administrative Agency which inspects manufactured homes for compliance. (If no agency is willing or able to inspect the existing home for compliance to manufactured home construction and safety standards, the home is unacceptable, not eligible for FHA financing, and will be rejected.) ***May also be done by a registered engineer.*** [i.e., a registered Professional Engineer or P.E.]
Must be a minimum of 400 square feet. If less than 400 square feet, property will not be eligible for FHA financing -- no exceptions.
Is the home in, or to be in a flood zone A or V? The finished grade elevation beneath the manufactured home, or if a basement is used, the lowest finished exterior grade adjacent to the perimeter enclosure, must be at or above the 100-year return frequency flood elevation. One must provide a flood elevation certificate / survey to verify before the property can be approved.
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