Question by pokeylilturtle: How can I find a mortgage broker in Florida that deals with FHA constuction or rehab loans?
I want to make an offer on a property in Florida but would like to be pre-qualified first. It has a mobile home on it and I don’t know if I will need a construction loan or rehab loan? What’s the best way for me to proceed?
Best answer:
Answer by Gerald S
Contact a local real estate broker in the area. They will know who deals with the FHA.
Know better? Leave your own answer in the comments!
If the mobile is livable, you won’t need either, just a mortgage. contact the realtor that has it listed, they all work with mortgage brokers and they deal with FHA. Good luck. FHA requires a lot of stuff that a conventional loan does not, for example, they will make you bring everything up to current building codes with tie-downs, etc. I just sold 2 mobiles in Central Florida, and the buyers and us had to pay for all this stuff to be done. VA is even worse.