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Khash Saghafi NMLS, Mortgage Loan Officer, Cleveland OH NMLS 1114762 (Liberty Home Mortgage Corporation)

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Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Yes, it is possible. Not all lenders offer manufactured home loans and typically some restrictions (age) apply. 

Jul 07, 2018 05:48 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I was aware... but it's not a "product" I sell... manufactured homes in our area often have resale issues.

Jul 07, 2018 04:11 AM
Rainmaker
628,814
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Are you talking about a mobile home? Or a modular home? I have sold many modular homes w/ traditional financing FHA / VA, but a mobile home is like selling a car.

Jul 07, 2018 03:59 AM
Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Can't even count the number of times that we have closed deals on manufactured homes with FHA, VA. USDA, I am not certain. I seem to recall that we needed to use that product for site-built only.

Jul 07, 2018 04:26 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Khash,

Good info on your part.

Jul 07, 2018 06:15 AM
Rainmaker
7,836,164
Roy Kelley
Retired - Gaithersburg, MD

This is a good blog topic for you.

Jul 07, 2018 04:01 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

some people try to sell the mobile homes here on the MLS but they are not popular in this area at all often selling for the price of a modest new car

Jul 07, 2018 04:17 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

In my area ... there are many variables depending upon the complex and the buyer's loan product.

Jul 07, 2018 04:15 PM
Rainmaker
4,160,899
John Pusa
Glendale, CA

Khash Saghafi good to know, thanks for the update.

Jul 07, 2018 03:18 PM
Rainmaker
4,936,705
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Is that in all states?

 

Jul 07, 2018 11:27 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That's not an area of the market I focus on.  Too few of them and too little demand.

Jul 07, 2018 11:16 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I believe most, if not all active agents are aware of the available financing options

Jul 07, 2018 10:10 AM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We deal with these within our brokerage and yes, many are puchased with VA financing.

Jul 07, 2018 09:53 AM
Ambassador
5,230,113
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Great information to know, Khash! I have never sold one but, have heard they can be difficult in our area. 

Jul 07, 2018 09:37 AM
Rainer
427,257
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

I did not know this. Good information to learn.

Jul 07, 2018 09:20 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Didn’t know because I don’t do them.

Jul 07, 2018 08:39 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Good for those who need to know. I have sold several but they were all for cash.

Jul 07, 2018 07:36 AM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Not a major product in our market. Manufactured homes are mostly found in what are still referred to a mobile home communities. Very few manufactured homes a placed on free standing lots in this urban area.

Jul 07, 2018 07:33 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Many

Jul 07, 2018 07:20 AM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

News to me. 

Jul 07, 2018 07:06 AM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Sure, as long as the land it sits on is owned. Thanks for the reminder 

Jul 07, 2018 06:52 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

good information for everyone, Khash.... I ws not aware that USDA would be a source....

Jul 07, 2018 06:48 AM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Yes, thank you.

Jul 07, 2018 06:25 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

You're kidding right?

Jul 07, 2018 06:17 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I knew this.

Jul 07, 2018 06:04 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

We deal with a loan broker that handled mh.  Only about 5% of realtors wanted to do MF with avg homes often over 1.5M. Not worth the trouble.

Jul 07, 2018 05:59 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

I wish we knew how many were aware.

Jul 07, 2018 05:49 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I am and most agents in my office are too. 

Jul 07, 2018 07:55 PM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I was not aware of that yet that is not a market I serve. I've yet to sell a manufactured home or even a mobile home.   Thank you for sharing the news with the AR community.

Jul 07, 2018 08:58 AM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I sold one years ago, and found that if they are older than 1978, financing is unavailable.   Good information otherwise.

Jul 10, 2018 05:31 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes if a lender  will handle it

Jul 08, 2018 09:10 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Khash Saghafi - I surely did not know about this.

Jul 07, 2018 10:28 PM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Manufactured homes are abundant is my area. Not all lenders are capable of providing loans for these homes. 

Jul 07, 2018 09:47 PM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

17,983,042

Jul 07, 2018 07:16 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Never considered buying one of these, thanks for the info.

Jul 07, 2018 06:12 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you.

Jul 07, 2018 05:54 PM