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Single wide in flood zone under $75K

Single wide in flood zone under $75K

I'm trying to buy a single wide trailer for 67500 purchase price that is in a flood zone. The trailer is above base flood but the ground beneath the trailer is not. I have found lenders who will do FHA with the elevation as is since the trailer is raised but have a minimum loan amount of 75k and I have found lenders who will do FHA with less than 75K but require the dirt to be above base flood. Does anyone know of a lender who will do FHA for under the 75K and with the dirt below base flood?


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Anonymous (not verified)
5-08-2015

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