California Mobile Home Loans » Jesse D

Are Mobile Homes Safe?

Jesse D — Mon, 07 Dec 2009 16:27:14 +0000

modern manufactured home

If you look at Google News, and search for mobile home, then all you see are stories of tragedy. Many mobile homes are still out there that do not meet basic safety requirements. Thee homes are predominately Pre-HUD homes that were never held to any standards when they were built. Pre-HUD means the home was built before 1968, and the HUD safety regulations were never enforced.

Manufactured homes that were built after 1968 have been proven to be just as safe as a site-built home. However, many people still have a stigma about living in a manufactured home because of safety issues. This is unfounded, and if you visit a mobile home dealer then you will learn the truth.

Also, anyone trying to purchase or refinance a loan for a pre-HUD mobile home will have a very difficult time because the bank considers the home to be a larger risk than a post-HUD manufactured home. Afte 40 years, you would be surprised to learn how many pre-HUD mobile homes are still out there. Anyone living in a pre_HUD mobile home would be well advised to bring their house up to code. And, if they can afford it, replacing a pre-HUD with a new manufactured home could save your life.

Des Moines City Council approves property purchase – DesMoinesRegister.com

Jesse D — Tue, 10 Nov 2009 10:48:10 +0000

Des Moines City Council approves property purchase
DesMoinesRegister.com
Plans to buy a rundown mobile home park along Southeast 14th Street will help reinvigorate the …

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Just did a Streamline Refinance and Rates Have Gone Even Lower

Jesse D — Mon, 09 Nov 2009 22:21:58 +0000

We just did a streamline loan at 5.25. We did not have to pay anything. Rates have gone down are we able to refinace.again?

A housing market that isn’t in decline – Fort Worth Business Press

Jesse D — Mon, 09 Nov 2009 12:12:50 +0000

A housing market that isn't in decline
Fort Worth Business Press
As defined by the Texas Manufactured Housing Association, or TMHA, a mobile home typically refers to an older product built before the Housing and Urban …

Project to provide service to nearby mobile home park – Warren Tribune Chronicle

Jesse D — Mon, 09 Nov 2009 12:12:49 +0000

Project to provide service to nearby mobile home park
Warren Tribune Chronicle
WARREN – Earth is moving on a sewer project in Warren Township that's expected to spur job growth and service a nearby mobile home park. …

Stated Income Verified Assets Loan – SIVA

Jesse D — Sat, 07 Nov 2009 19:52:16 +0000

Hello, i am self employed and have been running into problems obtaining financing on a new home because my tax returns don't show a lot of taxable…

US Consumer Credit Fell in September, Eighth Drop – Bloomberg

Jesse D — Fri, 06 Nov 2009 23:55:32 +0000

US Consumer Credit Fell in September, Eighth Drop
Bloomberg
Non- revolving debt, including loans for autos and mobile home, dropped by $4.87 billion. The Fed's report doesn't cover borrowing secured by real estate. …

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Experience with a Mortgage Loan Officer

Jesse D — Fri, 06 Nov 2009 09:45:58 +0000

I just want to know if the requirements from my mortgage loan officers are legitimate. I started the mortgage process in september and the closing date…

$8000 First time homeowner credit

Jesse D — Thu, 05 Nov 2009 23:40:21 +0000

When the bill concerning extension of first time homeowner credit to April 2010 is signed, I heard that it increased the MAGI limits for singles and married…

Reputable Mortgage Companies for People that have Filed Bankruptcy

Jesse D — Thu, 05 Nov 2009 17:28:55 +0000

Reputable mortgage companies for people have filed bankruptcy