Thursday, June 11, 2015
First time home buyers loans?
If you purchase a mobile home cash and then later down the road want to purchase a stick built home would you still qualify for a first time homebuyers loan. My gut feeling is yes as long as the trailer you owned was not de registered and was in a mobile park because if a trailer had not be de registered it is still considered a Vehicle as it has wheels and would not qualify for a mortgage but rather a vehicle loan. Also you do not own any land as you pay lot rental each month. Please let me know if you know for sure. I would hate to buy one and later down the road be unable to get a first time homebuyers loan. Thanks.
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