We recently sold our mobile home and are now trying to purchase a house with an FHA loan. We may not qualify, however, because the mobile home was taxed as a BLL (building on leased land) which can be viewed as real estate instead of personal property, even though it was not permanently affixed to a foundation. Has anyone else had this problem? Can anyone offer any advice on what to do?
Things may have changed since my last use of government programs .(30 years) but from what I remember even former home owners are 1st time home buyers IF it has been a qualifying time since last purchase. That is usually set in years like 5 or 7. Also don’t forget that in certain areas there are mortgage down payment / closing cost GRANT money as well as other tricks to reduce the cost