FHA Title I loan - Mobile home on Leased land.

Good day Steve! 

Thank you for your submission to the scenario desk.   We appreciate the opportunity to assist you in helping your customers.  

• We do not offer Title I Manufactured loans at CMC.
• There are very few banks out there that do those specific loans. 
• Try reaching out to your local bank branches to see if they do these types of loans.  You can pull up a list of Title I Lenders at hud.gov – I provided the list that pulled up in Florida.
• Be sure to select only the Title I lenders in the drop down. 
• These are considered Chattel loans.  There are a few banks and credit unions that do these – I know one company called Credit Human does these types of loans, but not through FHA – that’s where my friend had their mobile home loan through.

Guideline links and snips to assist you:

HUD Lender List | HUD.gov / U.S. Department of Housing and Urban Development (HUD)

If you need any additional information, please feel free to reach out to us.

Please upload this e-mail string to the 0108 – UW Cover Letter bucket in addition to placing a copy in the NEW Encompass Screen "UW/Closing Notes" found under the forms tab. 

**The underwriter may ask for additional documentation once the loan has been fully reviewed.

Thank you for your partnership in reaching out to the Scenario Help Desk!

Have a blessed day,

Loretta Gates,

Customer Care Agent

The Scenario Team 😊