I am wanting to get a manufactured home, in a park, funding is tough right now obviously. And Im trying to look into a USDA Rural Development loan. I have many questions I guess, but mainly, are the Section 502 Loans, Direct Loans, available for purchasing a manufactured home that is to be set up in a park? And if so, are the cement piers that go underneath considered a “permanent foundation”? Thanks to anyone that knows anything about this! 
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Sunday, January 13th, 2013 at 12:59 am
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January 13th, 2013 at 1:19 am
No…A permanent foundation would be a cement pad or basement.
Piers are not considered permanent foundations…besides you need to own the land too. Not rent in a trailer park.
Good luck
January 13th, 2013 at 2:00 am
yes and no. They are required and must be coated with a material similar to stucco but the home must also have tie downs every so many feet that must be anchored into the ground. Now you say this is going into a park. the USDA allows funding for new manufactured homes only but you must own the ground underneath it to make it real estate
I am a mortgage banker in TN
January 13th, 2013 at 2:00 am
Not even close. USDA will not loan for a trailer in a park anyway, you have to buy the land too.
January 13th, 2013 at 2:13 am
Terry Williams, what kind of scam are you pulling?