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Updated over 8 years ago,
Three variables are: "Manufactured Home on land", FHA mortgages,
and real estate investors as the owner...
I have multiple investors that we purchase HUD homes for...
Some of the best deals around right now happen to be manufactured homes on land, IE: 3/2 1700 sf on 5 acres for 45K.
The investors are looking at selling to owner occupants via an FHA 203K repair loan, and are looking for a mortgage source.
I have only found one that will do a manufactured home on land... but they will not do a 203K.
Does anyone know of a lender who has a program that fits this need in Florida?
Thank you,
John Rogers
Florida Trust Realty.com