Mobile homes
When you purchase a mobile home and require a loan, you may choose to title it as personal property such as car or a boat, or you may choose to title it as real property such as a conventional home. The method you choose will have a large effect on your loan. If you own or are purchasing the land along with the mobile home, it is to your advantage that you title it as real property to take adavntage of the more favorable loans.
Titling of manufacturedhomes as real property varies from state to state. In Texas, the type of foundation supporting the home determines if your home may be titled as real property. An approved permanent foundation is required to qualify as real property. California also requires certification that a permanent foundation has been installed. For more information on the California requirements visit https://www.efanniemae.com/.
A Better Cut Above specializes in retrofitting existing mobile homes with Texas Certified and FHA approved foundations that meet all the requirements for the state of Texas. For new sites, we provide construction of slab foundations that meet all the requirements for Texas.
Click here to see FHA approval document.
Click
here to see Texas Certification document.
Titling is a complicated issue and we can help you determine the titling to make sure your home and land are considered a package deal in order to qualify for a loan! This is a complicated issue and we can help you determine the titling to make sure your home and land are considered a package deal in order to qualify for a loan! Call Bob at (817) 230-9828, Toll Free at (877) 514-0083 or email us to get more information.
