I have a client who has a modular home. This home was stripped out to the bare walls and reconfigured.?
Modular Home Questions August 21st, 2011They have a buyer but now the finance company now says they can’t finance it FHA because a sunroom was added to the home and because of that the appraiser said it doesn’t meet FHA guidlines. What do we do to help the buyer go FHA.
August 21st, 2011 at 3:20 am
Someone is handing you a load of crap.
Find another bank. FHA does not have sunroom guidelines..now, if there is no vent in the room, you can’t use it for heated square footage for the house…so the appraiser has to deduct it. The sunroom just has to be of sound construction.
August 21st, 2011 at 3:20 am
The sunroom would have to be removed.