We are in the process of purchasing a new manufactured home & property. We are currently going through the conditions for an FHA loan through CIS Home Loans. One of the conditions was for us to provide a copy of a cashiers check for the 3.5% down payment, which i provided with payment going to CIS.
I received an email from the dealer which contained CIS requesting that we change the cashiers check to the dealer.
Is this standard practice with MH dealers? Why wouldn’t the down payment go directly to the lender?