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Can you buy a barndominium with an FHA loan?
Barndominiums are becoming more popular. Can you finance one with an FHA loan?
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1 Reply
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Eric, I have a client who is a developer and is looking to develop brand new subdivisions with new barndominium Housing units. We have wholesale lenders who finance barndominiums to homebuyers but have specific guidelines for government and conventional loans. From my understanding, barndominiums are more of prebab homes where steel buildings that are built on site. I will have our team due more research and due diligence about barndominium financing and guidelines for every loan program. You will have an answer about barndominium lending guidelines for HUD, USDA, VA, FANNIE MAE, FREDDIE MAC and non-QM loans by early next week.
https://youtu.be/lYNaXbUgAaM?si=Uo6T5qbLATDrBod0
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This reply was modified 8 months, 3 weeks ago by Gustan. Reason: Forgot image
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This reply was modified 8 months, 3 weeks ago by