Don't move your house without reading this!

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Servelan
Posts: 5
Joined: Thu Sep 22, 2016 4:58 pm

Don't move your house without reading this!

Post by Servelan » Thu Jun 30, 2022 9:28 pm

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.

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