Saw two manufactured houses yesterday. The 203k is is a great way to bring a home up to snuff. You can update the home for sure but many times is is all about installing a perimeter foundation so the home qualifies for FHA financing on owned land.
You can actually replace a home with a modular home if you utilize the foundation. In the area of GA we were in there were lots of these homes. You can imagine that they may need some work or a perimeter foundation. They are Perfect for a 203k
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved