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Does it Qualify for FHA

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ugot2bkidding

Freshman Member
Joined
Mar 20, 2008
Professional Status
Certified Residential Appraiser
State
Alabama
I have a FHA question about a small small subject 2br 1 ba (true age unknown) which was moved to its present location in 2005 and totaly refurbed from the studs out. Would it qualify for FHA
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Manufactured or conventional construction?

MH = the deal is dead
Conventional (site built) = Should be OK
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
If it was/is a manufactured home, it can not be moved except from the factory or dealers lot to its final destination. If its site built, it can be moved.
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
THANKS its conventional.


Never heard of a "Conventional" property type. Do you mean it is not a MH?

Many houses are moved, then rehab'd or rebuilt in some fashion. As long as it is not a MH it would qualify for any type financing, if it would otherwise meet minimum property requirements.
 

ugot2bkidding

Freshman Member
Joined
Mar 20, 2008
Professional Status
Certified Residential Appraiser
State
Alabama
Not Manufactured housing Thanks.
 

c w d

Senior Member
Joined
Oct 2, 2006
Professional Status
General Public
State
Florida
What does it matter if it qualifies for FHA or not. Do the appraisal, meet your FHA requirements. The client is paying to "know" about the home. Appraisals are not good news only reports.
 

Mike Boyd

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
What does it matter if it qualifies for FHA or not. Do the appraisal, meet your FHA requirements. The client is paying to "know" about the home. Appraisals are not good news only reports.

Not a good attitude if you are trying to build a practice. If you have more work than you need, why worry?
 

Metamorphic

Senior Member
Joined
Mar 15, 2008
Professional Status
Certified Residential Appraiser
State
California
Manufactured or conventional construction?

MH = the deal is dead
Conventional (site built) = Should be OK

Where do they come up with this stuff? That seems just plain ssa backwards.

If you move a house that was never intended to be moved you're good to go, but if you re-move a house that was designed and intended to be moved, its unacceptable.
 
Last edited:

Rufus

Junior Member
Joined
Apr 3, 2008
Professional Status
Licensed Appraiser
State
Indiana
"If you own a home that is mobile and 14 cars that aren't, you might be a redneck." - Jeff Foxworthy.

Sorry, I couldn't resist.
 
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