Refinance Engineering Inspection...What do Expect?

[Dawn]

We are in the process of refinancing our 6-year-old MH on our land through FHA. Can anyone tell me what the engineering inspector will actually be looking at/for when he arrives? The home passed all inspections on our original finance...will the inspector just be making making sure the foundation, etc. is "all right"?

Thanks for any info anyone might have to offer.

[rmurray]

FHA foundation requirements are much different than conventional finance...It could easily be that it will not pass..Most dealers would not spend the extra money necessary to meet FHA if the FHA is not the lender..

My question is why FHA???...Refis are almost always cheaper convnetional..if you have 640 or so credit scores...

[Eugene]

FHA will want to determine:
piers proper spacing, construction and frost protected (footings below frost line)
Anchored properly.
No additions to the home that might overload the piers(decks, porch roofs, etc)
Some times they look at site grading.

[Dawn]

Thanks for the info. Everything passed FHA the first time around....and while our credit score has improved greatly since then, we still fall 6 points short of a 640 score...hence FHA for refi....

[rmurray]

Good Luck..glad things are working out..

[Linda]

Dawn:

Where are you located? We currently have licenses in 7 states to do land-home FINANCE/REFINANCE programs. Email me and maybe we may be of assistance to you in refinance endeavors.

Linda
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