Manufactured Home: One-Time-Close Construction Loan
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- เผยแพร่เมื่อ 21 ส.ค. 2024
- Info on a Manufactured Home Loan Program MH Advantage: • MH Advantage: Transfor...
Here's a step by step process on what you need to know to finance a manufactured home.
My name is Miles Pitcher, and I am a Mortgage Broker and owner of Superior Lending Associates, L.C. located in Orem, Utah. This channel is about financial education related to mortgage loans to help teach families how to buy a house in any housing market and build wealth with real estate.
I talk about mortgage rates and discuss general finance and real estate market news that moves interest rates that can affect you as a home buyer or seller. I help to show the home loan process so that any first time home buyer or experienced home buyer can learn more about purchase and refinance mortgages.
Need a mortgage or want to talk more about your family's goals?
Use these steps to contact me:
1 - 📅 Email - miles@superiorlending.net
2 - 🌐 Apply Online - bit.ly/easyloanapp
3 - 📞 Call/Text - 385-250-1411
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If I own the land outright, could I use the value of the land as collateral/downpayment?
Yes, the land would count as your downpayment
It’s down payment assistance allowed with this program?
I have the same question ^ 😊
Would the empowered DPA also apply for this type of loan?
What happens if you dont use the contingency funds? Does your loan/payments get adjusted?
Yes, correct. Lower loan amount, lower payments.
Modular home loans are construction loans and cannot be classified as manufacture because sometime it will get mixed up with a modular and that is because they are both build in a factory. My question is can you do FHA one time close to permanent FHA loan with a 3.5 down payment ?
I'm confused...so I live in Folsom, CA (currently renting) and I want to buy land and put a manufactured home on it. So would this be the type of loan product I need?
Licensed in Colorado ?
Thank you for this video, I'm currently in the process and i am a new homeowner and so nervous 😫, i was just told that my home just arrived at the home center, the guys are coming out to my property that i already own free and clear, in 2 days to knock down a few trees in order to prepare the site on my land for where the home is to be placed, i am new to ALL of this, I've heard stories of ppl having their loans fall through so I've been afraid to even buy groceries 😫, i have been carefully managing my finances and budgeting since this all began, I've paid off most ALL of my debts, my credit score has shot up significantly, but I'm still nervous as to what to expect. I was given an initial closing date of August but my home came in 3 months earlier than the home center expected, does this mean that i will possibly close earlier than August???, is there anything that can go wrong that wld prevent my loan from getting funded???
Congrats on the home. I would recommend a few things. It sounds like you are being very careful with your finances and that is good. 1. Don't open any new credit cards or credit lines. You can continue using the ones you already have. If it is a necessity to open a new one, make sure you talk with your loan officer before you do that. 2. Ask lots of questions to your loan officer. They will make sure you are informed and everything will go smooth.
Again, congrats on the home
@MortgagesbyMiles thank you, i do ask lots of questions lol, like an annoying kid, but i very much like to be informed, this is why i did 3 years of research before i even applied for a home loan
What lender does OTC on New construction manufactured homes? I’m in VA
Shoot me an email or text and we can get you connected. We have a great solution for you in VA. TeamMiles@superiorlending.net or 385-250-1411
Can you do this loan in Arizona? Also, can it be a FHA approved manufactured home duplex? Thanks
We live in New York looking to build a home in Pennsylvania
Can you close before delivery.?
Unfortunately you can't. Only when the home has been placed on the property.
Do you guys have someone in Arizona?
I just finished my license application. I should be good to go in one week if we can help you. 385-250-1411 or TeamMiles@superiorlending.net
Oklahoma?
I'm not licensed there, but can find you a great mortgage broker if you'd like. TeamMiles@superiorlending.net
Will you finance a noncompliance manufactured home?
We have one manufactured lender that does some crazy things such as financing a manufactured that has been moved. What is the reason for non compliance? and what state are you in? Thanks
@@MortgagesbyMiles I am taking about NEW MANUFACYURED HOMES BEING OFFERED FOR SALE THAT DOES NOT COMPLY WITH THE FEDERAL STANDARDS ACT.
I HAVE VISTED MANY RETAILER LOTS IN DIFFERENT STATES EVERY MANUFACTURER HOME I INSPECTED IS NOT IN COMPLIANCE WITH THE FEDERAL STANDARDS.
SECRETARY OF HOUSING AND URBAN DEVOLVEMENT MS. FUDGE IS NOT ENFORCING THE MANUFACTURED HOME CONSTRUCTION AND SAFETY STANDARDS ACT.
I HAVE FILED MANY COMPLAINTS TO MS. FUDGE BY CERTIFIED MAIL AN PHONE CALLS
SHE NEVER RESPONDED TO MY COMPLAINTS AS REQUIRED BY LAW.
FHA WILL FINANCE NONCOMPLIANCE MANUFACTURED HOMES
THE FEDERAL HOUSING ADMINISTRATION SHALL ENFORCE THE STANDARDS AS REQUIRED BY LAW
I’M ONLY DOING THIS BECAUSE TEXAS AND FEDERAL AGENCIES I CONTACTED ABOUT MY NONCOMPLIANCE, DAMAGED MANUFACTURED HOME. IS DENYING ME OF MY RIGHTS AS A CITIZEN OF UNITED STATES 🇺🇸
I’M THE ONLY PERSON THAT IS FOLLOWING THE LAW.
I HAVE LOST OVER $64,000 RENT INCOME
A DAMAGE NONCOMPLIANCE MANUFACTURED HOME IS INHABITABLE..
DO YOU THINK THIS IS FAIR TO ME ARE ANY OTHER PERSON IS DENIED THEIR RIGHTS TO PROSPER IN BE HAPPY LIVING IN THIS GREAT COUNTRY?
THESE AGENCIES NEED TO FOLLOW THE LAW OF THE LAND.
PLEASE GOVERNMENT OFFICIAL ENFORCE THE LAW AND PROTECT THE PEOPLE
@@MortgagesbyMileswhat about pre-hud 1973 double wide on land with utilities Washington?
Are you in California?
We can do loans in california. 385-250-1411. TeamMiles@superiorlending.net