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FHA Lending in the State of Pennsylvania

If you own a mobile home on a permanent foundation in the State of Pennsylvania you may be eligible for FHA Financing. You must own the land as well and the mobile home must been constructed after June 15, 1976. FHA financing allows for singlewide, doublewide, and triplewide financing.

FHA allows for financing just 2 years after the discharge of a Chapter 7 Bankruptcy, provided you have re-established good credit. You may refinance out of a Current Chapter 13 Bankruptcy payment plan provided you have the trustee's permission, a timely mortgage history, and a timely payment history on your bankruptcy. You must have had the payment plan for at least 1 year.

A low credit score will not immediately disqualify you from FHA financing. You must, however, show timely payments for the past 12 months as well as supply a letter of explanation for your past credit.

The new FHA Secure program introduced in 2007 will allow more consumers to refinance out adjustable rate mortgage programs. There are restrictions on this loan program, so speak with an experienced mortgage consultant about the specific FHA Secure loan parameters.

DISCLAIMER: The information contained in this article on 'FHA Lending in the State of Pennsylvania' is a collection of contributions by licensed mortgage professionals and is not the opinion of Broker Outpost LLC. Always consult a licensed professional before applying for a mortgage.

FHA Lending in the State of Pennsylvania

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