asked 201k views
1 vote
Which of the following is most accurate when it comes to rehab loans for manufactured homes?

a. They are not eligible for rehab loans.
b. Rehab loans are only available for new manufactured homes.
c. Rehab loans for manufactured homes are subject to certain restrictions.
d. Manufactured homes are not eligible for any type of loan.

1 Answer

3 votes

Final answer:

Rehab loans for manufactured homes are available but come with certain restrictions related to the home's conditions and the loan's terms. Borrowers must check with lenders to ensure their home qualifies.

Step-by-step explanation:

The most accurate statement when it comes to rehab loans for manufactured homes is that rehab loans for manufactured homes are subject to certain restrictions. This means that while manufactured homes can indeed be eligible for rehab loans, there are specific requirements and limitations that must be met. These restrictions can relate to the age of the home, its current condition, its foundation, and the terms of the loan itself. It's important for borrowers to consult with lenders to understand these restrictions and determine whether their manufactured home qualifies for financing.

answered
User Buyin Brian
by
8.3k points
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