If this
is truly a manufactured home you will need to provide proof or USDA will think
that is a home.
So yes, they
would still be able to qualify for a USDA loan! Happy selling Janelle!
Shanna
Cullom
USDA Underwriter
Gateway
Mortgage Group LLC
(972)908-3390-
Ext 104
(918)392-8348-Fax
Shanna.Cullom@gmos.us
From: www.JerryLair.com [mailto:
Sent: Tuesday, August 17, 2010 4:53 PM
To: Janelle
Cc: Shanna Cullom
Subject: RE: question
Great question. Shanna, borrower has title to trailer home in their name, but owns no
dirt.
Can they do USDA you think?
From: Janelle
Sent: Tuesday, August 17, 2010 11:00 AM
To:
Subject: question
I have a
couple that want to buy a house for their growing family.
they
currently live in a trailor that is on her fathers land next to his house.
They do NOT
own any land...but the title to the trailor is in their name.
Can they qualify for a rural development loan since they actually dont own a home or property?
Janelle