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Is there a difference in interest rates on a home and mobile home with FHA?

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Is there a difference in interest rates on a home and mobile home with FHA?

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  1. There shouldn't be, but some companies may charge more.  There may be more fees though.  A structural engineer will have to examine it to make sure it is sound & tied down properly.


  2. That is a big question, first you must determine if you are financing real property (land & home) or Personal Property (home only).

    If you are financing the home only, not the land, the best rates out there are offered by JCF Lending Group, http://www.chattelmortgage.net, best rate for double wides is 5.99%, singlewides 6.49%.

    If you are financing the land & home, the best rates are offered by Flagstar Bank, http://www.flagstarbank.com, they only offfer doublewide financing starting at, 7.49% and they use FHA.

    Land & home and/or FHA financing can be very expensive in the long run, your biggest hurdle is getting the home to qualify for the program, which may require a full foundation, burried utilities and numerous inspections.

    Good Luck

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