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Updated over 6 years ago on . Most recent reply

Ellie Narie's profile image
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Ellie Narie
  • Investor
  • from Ashland, OR
  • Member since Jan 30, 2018
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Ellie Narie's profile image
Ellie Narie's profile image
Ellie Narie
  • Investor
  • from Ashland, OR
  • Member since Jan 30, 2018
Connect
Ellie Narie
  • Investor
  • Ashland, OR
38
Votes |
202
Posts
Private Lending & Conventional Mortgage Advice

FHA 203k for buying land and putting new manufactured home on it?

Ellie Narie
  • Investor
  • Ashland, OR
Posted

I talked to a lender and he said that I can use the 203k loan to obtain land and put a manufactured home on there (and put permanent foundation on there). I've never heard of this before, I thought 203k loans were only for renovations of existing homes. Can 203k loans actually be used to build new manufactured homes and buy land to put them on, or is my lender confusing something? 

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