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Will USDA finance an existing on frame modular home with a stucko foundation and drywall throughout. It is on 1.75 acres land.

by Karlie_879_191 from Boiling Springs, South Carolina. Apr 7th 2013 Reply


Matt Elston (Matt.Elston)
#4 ranked lender in South Carolina - 50 contributions

Karlie,The Government Loan programs don't distinguish between On-Frame or Off-Frame Modular, so as your presenting this to me, yes it will Qualify for USDA Financing.To Reach Me,Matt ElstonNMLS Id # 69609Mortgage Loan Originator, AgSouth Mortgages; office 803-324-1131, option 1; cell 803-493-1392; fax 803-328-9272; melston@agsouthfc.com; America's Lender of Choice for Ag, Land, and Rural Homes!

Apr 8th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

From what you are saying yes it sounds as if they would

Apr 8th 2013
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Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

Sounds like they will.

Apr 8th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

I'll take it even further... if it has steel framing, no. Wood framing, yes. www.MortgagesUnlimited.biz/USDA

Apr 8th 2013
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Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

Yes

Apr 8th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Possilby, Most likely but is the Framing wood or steel? Get with a Lender411 loan officer to discuss your situation.

Apr 8th 2013
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