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Updated almost 7 years ago on . Most recent reply
Will my Doublewide Buyer actually close with an FHA loan?
First day on the market and my flip (20yr old doublewide) has an offer $10k over asking. Yeay!
The clincher - it’s an FHA loan.
Does anyone have experience with FHA and mobile homes? It’s on a permanent foundation. I don’t want to be saddled with repairs or have it possibly go back on the market, especially since it’s priced on the high end (most comps are original and not renovated ).
Should I hold out for a conventional loan? It’s not even been a day. The buyer wants an answer tomorrow.