Don't move your house without reading this!

[Servelan]

If you ever consider moving your manufactured home from a park to a piece of property and then getting a mortgage - DON"T!

HUD has a regulation all FHA lenders follow that says that a house moved from its first siting disqualifies the land and the lender is prohibited from writing a mortgage.

HUD doesn't have the legal right to do this - look at 12 USC 1703 - but they will not grant any exceptions.

If you moved your house to your land and then later decide to sell, no FHA lender will write a mortgage on it.

[Keithdavid]

If you ever consider moving your manufactured home from a park to a piece of property and then getting a mortgage - DON"T!

HUD has a regulation all FHA lenders follow that says that a house moved from its first siting disqualifies the land and the lender is prohibited from writing a mortgage.

HUD doesn't have the legal right to do this - look at 12 USC 1703 - but they will not grant any exceptionsRoofing Contractor Reston Va

If you moved your house to your land and then later decide to sell, no FHA lender will write a mortgage on it

It's important to be aware of the HUD regulation that disqualifies a manufactured home from FHA mortgage eligibility if it's moved from its original location. This could significantly affect your ability to finance and sell the property later. Always consider this crucial factor when planning to relocate a manufactured home to your own land.

[freturetechno]

Very well said

[robertscott56]

If you ever consider moving your manufactured home from a park to a piece of property and then getting a mortgage - DON"T!

HUD has a regulation all FHA lenders follow that says that a house moved from its first siting disqualifies the land and the lender is prohibited from writing a mortgage.

HUD doesn't have the legal right to do this - look at 12 USC 1703 - but they will not grant any exceptions.

If you moved your house to your land and then later decide to sell, no FHA lender will write a mortgage on it.

Thank you for sharing this important insight regarding the challenges of relocating a manufactured home and securing FHA mortgage financing afterward. It’s crucial for homeowners to be aware of HUD’s regulations about re-siting homes, as it can significantly impact the ability to finance or sell the property later. Your reference to 12 USC 1703 highlights the complexity of these legal and regulatory frameworks, and it's valuable information for anyone considering such a move. This underscores the importance of thorough research and possibly consulting with a real estate attorney before making decisions that could affect long-term property rights and financing options.