We offer FHA Streamline loans on manufactured homes nationwide. Call us at 800 315 8803 or visit www.bartprequalifies.com to discuss a FHA Streamline refinance.An FHA Streamline, allows a manufactured homeowner that currently has an FHA loan, to refinance utilizing limited documentation. oEmployment verification is not required with an FHA Streamline RefinanceoIncome verification is not required with an FHA Streamline RefinanceThis program does not care if you are underwater or owe more money that your manufactured home is worth. FHA will allow you to use your original purchase price as your manufactured home's current value, regardless of what your home is actually worth. Also, this program does not require an appraisal in most cases. This is called an appraisal waiver.Here are some of the things that we require in order to lend on a manufactured home:oClient must own the land and property. (Land can be owned separately from the property.)oProperty must be on a permanent foundation at the time of the loan closingoIf you have well and septic, they must be at least 50 feet apart and 100 feet from the houseoProperty must be a double wide or largeroProperty must be built after June 1976oProperty cannot have moved more than onceoBorrower must have a 620 or higher credit scoreoBorrower cannot have any late payments in the past 12 monthsoThe minimum loan amount is 100K or $100,000Additionally, FHA has the following additional guidelines:oYou must own the original property for at least six months before you can qualify for refinancing.oFHA Streamline loans do not require an appraisal, but a no-appraisal loan cannot exceed your current loan.oClosing costs must be paid up front or arranged for through a "no-cost" FHA Streamline loan. You may also choose to include the closing costs into your loan a "with appraisal" FHA Streamline loan. In these cases you must have enough equity in the home to cover the extra amount.Other than the above, an FHA Streamline acts like a traditional FHA mortgage. There is no prepayment penalty, 30 and 15 year terms are available and fixed and adjustable rates are available.Please feel free to contact us at 800 315 8803 7 days a week to discuss your FHA Streamline on your manufactured home.