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Can i refinance a land loan in with an fha home loan?


i'm buying this land and within the next two years i would like to put a manufactured home on it using an fha home loan...can i refinance them into one loan?

FHA will finance manufactured homes, so yes, it's possible that you can use FHA financing for your permanent mortgage upon completion of the home.

This is assuming you'd have at minimum a double-wide permanently affixed to a foundation.

Freddie Mac and Fannie Mae will both finance manufactured homes as well, Freddie is a little easier. If you have any equity, conventional financing might be cheaper than FHA though, when factoring in mortgage insurance.

Financing manufactured homes is always more difficult than a traditionally built home. Credit is stricter, more down payment might be required. But FHA is certainly one option. Source(s): 10 years in mortgage banking
FHA use to do land loans or investment loans but they dont anymore. You will have to have the home on the property and have title first. Then you will have to refinance to get an FHA loan. You cant get an FHA loan for the land alone, or to bring the manufactured property alone. They have to be together at the time you apply for the FHA loan. Once they are together no problem. Then it depends on your lender,even though FHA will insure its isnt a guarantee the lender will do the manufactured property. You might have to have a broker look around.
30 years mortgage real estate exp.
yes you can but the house needs to be built before youcan do it
Jerry rinaldi 1st metropolitan mortgage 908 278 4706
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