Just in today from HUD!

Good news for people wishing to buy manufactured homes on permanent foundations.

The 9/16 Mortgagee Letter http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ removes the FHA-insured financing exclusion for manufactured homes located in a condominium development. This has been impacting both sales, refinances and Reverse Mortgages.

Many age 55+ communities in North San Diego County are now eligible for these types of homes.

If you have any questions, feel free to give me call.

Barbara Whisenant

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A Division of Richard Realty Groups, Inc 6986 El Camino Real, Ste. H, Carlsbad, CA. 92009 Cell: (760) 583-2107 eFax: (760) 496-1649