Very few lenders and/or credit managers are aware of the information that I am about to reveal to you regarding obtaining an FHA, VA, or HUD that guarantees you the FHA home loan for a home. In fact, I have real estate brokers, lenders, credit managers, real estate agents and even homeowners, calling my office for advice on how to speed up these types of FHA home loan for their manufactured home. I am amazed that many of these professionals do not know one of the most important components to getting their FHA home loan approved. I am not a credit manager, or a real estate broker, or a real estate agent – I am an engineer.
So why would these professionals ask an engineer for a critical aspect in getting their FHA / HUD, or FHA home loan approved for their FHA home loan? Because for every FHA / HUD, VA and other HUD has secured FHA home loan for manufactured homes, a Basic Engineer Certification is required for each domestic receipt manufactured a federally guaranteed FHA home loan. Most lenders are astonished at such a requirement and I finish explaining the process to them during the course of our professional relationship. It’s a very fun time.
So what is the Basic Certification of an Engineer? It is a document of a professional where the authorized engineer resides it of a house, And who certifies that the manufactured home rests on a permanent basis. Not just any permanent base, but a permanent base observing the HUD Permanent Base Guide for Houses (PFGMH – HUD 7584).
Most lenders are not aware of this document and sad to say, most engineers also. Most engineers are unfamiliar with HUD guidelines on a permanent basis on a manufactured home – so by looking for an engineer, make sure you arrive one with lots of experience. Otherwise, the mortgage you are trying to speed up will be enormously delayed. And we all know that time is money!
The engineer, Be extremely confident and familiar with the HUD PFGMH code/manual as mentioned above. This is the basic Domestic Bible, so to speak. This manual is not an easy to read, even for many engineers. The manual is vague and requires an understanding of how one works a home and an excellent understanding and build analysis in general.
Manufactured houses do not follow the same building codes as the on-site stick of built houses – which is why most engineers are not familiar with codes (they do not just have the time or want to spend effort In the study of another code book.) If you are a mortgage lender, the credit manager, manufactured the home builder, the real estate agent, or the like, You must associate yourself with an engineer who has a clear judgmental reputation supplying manufactured home bases. If you do not, the delay could be very expensive. If you are really hiring the right engineer who has experience in manufactured home bases that are docile HUDs and the keyword here is docile HUD, so the FHA home loan process will be very smooth and expeditious.