Randall Schrader

FHA MI is currently 1.5% of the loan amount up-front and financed into the loan amount. So, a borrower here would have his loan increased $1,500 on a $100,000 loan. Then, each month the borrower would be required to pay .50 (multiply the loan amount by .0005) toward a monthly mortgage insurance policy. In my $100,000 loan example, the mortgage insurance premium is only $50/month.

Comparing this to a conventional PMI payment will show a drastic savings each month. And, if you refinance or sell your home within the first five years, you can likely get a chunk of the pre-paid MI back.

Absolutely NOT True! I am amazed to hear Realtors tell me this. Things have tightened a little bit, but financing is widely available if you talk to a pro, Heck we just did a 100% VA loan on a 1986 single wide, with 6% seller concessions!

Some banks find these loans difficult to get their arms around. I think in part, because they do not fully understand them. Other banks see this kind of property as an opportunity, and they do really well. My job is to seek out lenders that do "make sense" loans and then send them loans that "make sense."

Loans ARE available in Florida! Plus, manufactured homes are very affordable and prevalent throughout Florida. The snowbirds are back.

Call a mobile / manufactured home specialist - Randall at 863-229-1235

FHA loans are custom made for the first time home buyer type. Look at the loan scenarios available to us below. Since the FHA insures these loans the banks have next to nothing to lose. Unlike a few years back, FHA loans are super easy to do. If you are in Florida, and you don't know if you would qualify at this near perfect time to buy, call me.

- No credit score or short credit history

- single and double wide mobile homes

- 540 Beacon score

- Very little money down, as little as 2.25% of the purchase price

- Major remodeling, cash out refinance

- Debt consolidation

If you have a situation that "Makes Sense" in Florida, run it by me, there is a great chance I can help.

Call Randall at 863-229-1235

Seniors have a special borrowing stream of their own. HECMs or reverse mortgages use the equity in the home to actually pay the senior every month. The money can also be received in a lump sum or as a line of credit.

There are no monthly payments, so it's vitually impossible to fall behind or wind up facing foreclosure, quite the contrary. Senior facing foreclosure can use this as a way out.

See, money received is not repaid until the home is sold or the seniors leave the home, at which point the proceeds from selling the home pay off the loan and the remainder of the proceeds go to the seniors or their heirs.

The approval process is the easiest out there and the money can be used to balance the budget, home improvement, uncovered medical expenses, extra life insurance, you name it.

For more information or to apply, call Randall at 863-229-1235

A day doesn't go by when a Realtor from a state outside of Florida calls, asking for any ideas on financing a manufactured home in their state. There is not much I can tell them because the state decides how they want to handle these homes and I am an expert on financing in Florida.

BIG NEWS: Yesterday, we got the green light to extend our expertise to Georgia! There are not nearly as many manufactured homes in Georgia as there are down here, but we are ready to help with any Georgia purchases or refinances.

Call Randall @ 863-229-1235 for more info or to get pre-qualified