My wife and I have a combined income of $50,000.00. We want to buy a manufactured home as well as a piece of land with utility hookups available to put it on. We are looking for one loan to cover two purchases. Since I've never bought a home before can I get a loan from the government and if so how do I go about getting it?
2007-07-02 04:53:10 · 2 answers · asked by 52donnie 1 in Business & Finance ➔ Renting & Real Estate
I recieved a chfa loan from the state when I purchased my home, I was a first time home buyer. You should check with your state to see what they have. I know that most of them are strict when it comes to a manufactured home. I suggest checking into it. It does't hurt to just talk.
2007-07-02 07:53:38 · answer #1 · answered by Ames 2 · 0⤊ 0⤋
The government doesn't make direct loans for this but there are a number of government sponsored or guaranteed loan programs that may be available to you. Any mortgage lender can advise you on this. I'd suggest that you start with a local communitiy bank or credit union first and take it from there.
2007-07-02 05:05:45 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋