Today I contacted the loan officer within our Realtor's company to see what kind of deal she could give us, maybe something better then BofA. Well a few hours later after talking to her she called me along with our Realtor Mary and said we have a snag. I thought.. OH NO.. Marie (the loan officer) pulled the title of our potential house and noticed that it's listed as a Mobil Home. And in H.U.D. (Housing Urban Development) it is listed as a Manufactured home on a permanent foundation. Which means the house was built elsewhere and brought to that location.
Well come to find out that in today's scary mortgage times banks and loan companies are not giving loans for Manufactured homes. So we are now scrambling to find someone who will finance us and this house. We have an inspection set for Wednesday and we don't want to pay $1000 to inspect a home that we will not be able to finance. I have a call into our my BofA rep to find out if BofA will finance us with this manufactured home. And Maire is searching high and low for someone.. keep you fingers crossed.. we may lose this home. :(
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