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Refinance Engineering Inspection...What do Expect?
Posted: Sun Sep 12, 2004 7:36 pm
by 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.
Re: Refinance Engineering Inspection...What do Expect?
Posted: Mon Sep 13, 2004 6:25 am
by 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...
Re: Refinance Engineering Inspection...What do Expect?
Posted: Tue Sep 14, 2004 10:54 am
by 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.
Re: Refinance Engineering Inspection...What do Expect?
Posted: Thu Sep 16, 2004 5:11 pm
by 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....
Re: Refinance Engineering Inspection...What do Expect?
Posted: Sat Sep 18, 2004 6:38 am
by rmurray
Good Luck..glad things are working out..
Re: Refinance Engineering Inspection...What do Expect?
Posted: Mon Sep 20, 2004 11:14 am
by 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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