Manufactured Housing.

[Jordan Schoonover]

Hello Everyone,

I currently just got a lead on a manufactured house that is going to be a short sale. It is off market right now so if I can get the right information I might be able to get a jump on it. The comps for house are under what the owner is selling it for, but that's because the Manufactured Home was put on a foundation making it actual Real Estate. 

So what I'm wondering is, how much would the property value increase by putting it on a foundation? Also, since it's now considered actual Real Estate does it qualify for a FHA loan or Fanny Mae Loan?

Thank You very much for your answers.