Buyer's, Seller's and Realtors: Unfortunately, investors are pulling away from FHA Manufactured Housing Financing and as of today, I have 1 investor who will take a loan on Manufactured Housing on a permanent foundation! And this investor has already notified us that they are withdrawing this offering shortly.
Realtors, my Utah Mortgage Blog Post today is to alert you of this and if you have any manufactured housing purchases that need a loan-HURRY- and call me so that we can get an FHA case number and get this taken care of for them! If you have manufactured housing listings, it might be a great time to talk to your client about a price reduction so that the home will sell quickly!
Hope this helps, sorry for the news, but we are living in interesting times, aren't we?! :)