FHA financing on used moble

[mike]

I'm selling my MH and land in oklahoma, someone wants to buy it using a FHA loan. I purchased the home 7 years ago as a 1 yr. old repo. My realitor claims his broker said since the house has been moved more than once the house is not FHA approvable? Is this correct? I cant find anything stating this online. If so, are there any loopholes?
Thanks

[rmurray]

He is technically right..used homes moved from the original delivery location do not qualify for FHA insurance...Of course the home would have to stand a rigorous inspection by a FHA inspector....Most often the set up of a 7 year olds home would not meet the FHA requirements anyway.....Find another buyer...

Your sale does qualify for FHA Title 1 finance..in this case trhe max loan is 65K...

For eligable lenders..go here...

http://www.hud.gov/offices/hsg/sfh/title/manuf146.cfm

FHA title 1 is the one that does not do used home..From ths FHA handbook...

"5) "The manufactured unit must not have been installed
or occupied previously at any other site or
location."
You can find this here..

http://www.hudclips.org/sub_nonhud/cgi/ ... 1&r=14&f=G

Sorry..