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You already have a fha loan on a mobil home but you want a house loan what do you do to get another loan?
Wiki User
∙ 14y ago
Well this will depend on what kind of FHA program you are insured under for your mobile home. If it is a "Home Loan" under 203(b) program then only under certain circumstances will you be allowed another FHA. BUT if you received a "Dealer" kinda of loan under the FHA program for the mobile home it can be classified as "personal property".......possibly.... If there is land or real estate property involved in the loan then probably not. Only a FHA Lender (underwriter) will be able to determine based on a verification of mortgage or loan from your current mobile home lender.
Wiki User
∙ 14y ago
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Can you get a home equity line of credit to buy a home?
No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.
Can you get a mortgage loan if you already own a home and want to sell and get another home but you have a lot of bank overdrafts but paid them?
Yes, that should not be a problem.
Do I have to pay capital gains tax when selling a house?
If the house is your main residence, NO. If however it is a second home or another property you own (say to let out), YES.
Can you avoid capital gains taxes if you sell a house and use the proceeds to pay on a second mortgage for another house you already own?
The only way to avoid capital gains on the sale of a house would be to invest the money in ANOTHER house of equal or greater value. Sorry, it can't be a house you already own. No offense, but the rule referred to above, as found in Sect. 1034 of the Code, was repealed in 1997. Since then the ""rollover"" provision isn't required, and the following is the base operation: Exclusion of Gain on Principal Residence. A taxpayer can exclude from income up to $250,000 of gain ($500,000 for joint filers meeting certain conditions) from the sale of a home owned and used by the taxpayer as a principal residence for at least 2 of the 5 years before the sale. The full exclusion doesn't apply if, within the 2-year period ending on the sale date, there was another home sale by the taxpayer to which the exclusion applied. ( Code Sec. 121(a) , Code Sec. 121(b)(3) ) FTC
Why might one refinance a home loan or mortgage loan?
Someone might refinance a home or mortgage loan to take money off of the equity they have in the house in order to make improvements that will increase the value of the home. Another reason could be another investment that would make taking money out on the equity in the home worth it.
Mobil Home or a Home rental in Aberdeen South Dakota?
Rental mobile home or rental house in aberdeen, south dakota
If a mobil home park owns its leasehold can the land owner do a conversion without them?
newtest3 How do I receive an answer to my question of If a mobil home park owns its leasehold can the Land owner do a conversion without the mobil home park that has the leasehold???
Who sang these lyrics It used to be your house your house your house but now it's another mans home another mans home?
Shirley Brown - Intimate Storm
Why was the donkey leaving home?
BECAUSE THERE was a donkey like you already in the house
Another name for a great home?
this house is cool
You want to add a porch to a mobil home you live in north Florida freezing is not a problem Can you directly attach the porch to the mobil home?
Yes you can. You wouldn't want to attach it if the mobile home was going to moved in the future. If you are in a mobile home park, you might need persmission.
Your wife cheated on you abondon family home leaving behing two minor children before marriage you have already have house and car another household and she took same of the estates with her?
Question?
What is home networking smart house?
A house for elderly and disabled people who want to liveindependently. Another word for it is a Babysitter for a home
What tire would fit on a 14.5x7 mobil home rim?
a 14.5 mobile home tire only.
How do you get a house in pixiehollowcom?
you cant it already has a house for ya just go 2 the higher left and press fly home.
Is it expensive to turn a home into a smart house?
Depending on your budget, you can create a smart house out of your home for six hundred dollars, provided that you do already have a pc in your home. With which you can control the operations of how to control the frequency of the security monitoring.
Can you bring a ghost home from another house?
No cause there aren't ghosts
