Manufactured Home Foundation Inspection Requirements -

Buyers are searching for affordable housing as home prices rise throughout the country. This can be difficult in many markets. This is especially true for first-time home buyers. Many buyers look to manufactured homes that come with land as an affordable option. Manufacturered homes are typically more affordable than the average home and offer a lower cost per square feet of living space. We offer FHA manufactured homes loans and VA manufactured homes loans to help buyers get into a home that is affordable. A foundation inspection is required for FHA and VA loans.

What’s a Foundation Inspection?

FHA and VA have established standards for the foundation of manufactured homes, which may be mobile. A foundation inspection for mobile home in florida is required by law. It basically verifies that the foundation of the home is sound and properly attaches the home to the ground.

The inspection, also known as a foundation certificate, is usually a one-page summary of the results. It may take longer if there are deficiencies.

Foundation Inspection Example Language

The following is the typical language for a foundation certification that passes:

The foundation of the above-mentioned manufactured home has been inspected. The foundation is sound and the home is attached to a permanent foundation system that can withstand both support loads and wind overturning loads. This foundation is acceptable by the building authority. The foundation meets the Veteran’s Association’s (or Federal Housing Authority’s) current requirements regarding foundations for existing construction.

All additions to the house are structurally sound. They are built in compliance with HUD’s safety and construction standards

These are also included in the certification:

Structural engineer contact information
Engineer stamp, license number, & signature
Contact information for Borrowers
Address of the property
Date of inspection
Invoice for foundation inspection

What Inspection Requirements for Manufactured Home Foundations?

The structural engineer inspects specific areas of the foundation to ensure that it is structurally sound. These areas include:

Concrete footing 8 inches thick (2’x2′)
Remove wheels, tongue, and axles
Mortar joints in the Piers (or surface such as “surewall”)
Brick or block underpinning is required with an 8″ footing and 1 foundation for every 150 square feet of crawlspace
6-millimeter vapor barrier in the crawl space

It is important to discuss your requirements with the dealer when purchasing a manufactured home. It is important to do it right from the beginning. Buyers who are considering purchasing a home that has foundation issues may request that the seller correct the issue. If the seller refuses to correct the problem, the buyer will have to pay for it or move on to another property.

These guidelines can vary from lender to lender. It is important that you note this. These are generally the requirements.

VA Loans Manufactured Homes

As other buyers, veterans, military personnel, and their surviving spouses are also searching for affordable housing. These buyers often want to take advantage of the VA eligibility to buy a home without any down payment. OVM Financial offers VA loans for manufactured homes. OVM Financial is not one of the lenders that does. It is also up to 100% of the purchase price, just like a stick-built home, townhome, multifamily or VA approved condo.

There are many benefits to using a VA loan, including no down payment, flexible guidelines and affordable payments.

Why a VA Loan is Used to Purchase a Manufactured House

Financing up to 100%
Seller may pay closing costs
You can get concessions up to 4% off the selling price – learn how to make this work for you!
Maximum 55% debt to income ratio
No monthly mortgage insurance
VA funding waiver for disabled Veterans
Amazing rates and great payments
In the payment, include taxes and insurance
Credit score as low as 640
Refinance with cash out up to 100%

FHA Loans Manufactured Homes

A low down payment home loan is available for buyers who aren’t eligible for VA financing. FHA loans can be used to refinance or buy a manufactured home. Buyers are searching for affordable housing, just like the previous paragraph. It is possible to own a home with the combination of low manufactured home prices, FHA down payments, and FHA flexibility.

FHA is a great way to buy a manufactured home on land.