Mobile Home Anchor Retrofit Services for FHA Loans

 

Safety is always a concern for mobile homeowners, especially during natural disasters. Bearing this in mind lenders and banks need to secure their loans on assets that stand the test of time.

In this blog post, we will discuss the mobile home anchor retrofit services available for FHA loans.

What is a mobile home anchor retrofit service?

A mobile home anchor retrofit service is a process of installing or upgrading the anchor system of a mobile home to make it more secure during severe weather conditions. This service is crucial in areas prone to hurricanes such as Florida, Georgia and the Carolinas.

A professional retrofit service provider will inspect the home, determine the appropriate anchor system, and instruct the installation process to ensure the safety of the homeowners.

The actual retrofit involves the replacement of the old and outdated tiedown with new systems that are compliant with the new building codes. This usually means new anchors with stabilizer plates are installed. There will be more anchors and they will be placed closer together than previously. 

Why is it necessary for FHA loans?

FHA loan requirements for mobile homes

The Federal Housing Administration (FHA) takes its construction standards from the Housing and Urban Development (HUD) building code. Strict adherence to this code is expected from tie down installers.

The code is very similar to Florida Code 15-C in its requirements.

Importance of retrofitting for FHA loans 

Before lending, banks need to check that your tie downs are in place and up to code as mentioned above, which is often not the case on used homes.

The FHA does not lend money, it guarantees that all loans made under the rules of this program are secured by the Federal Government. The have a  vested interest in the programs success and compliance.

How to get mobile home anchor retrofit services for FHA loans

Contacting retrofitting service providers

We provide retrofitting services in central Florida and have been doing so for many years. We understand the code requirements and the need for prompt service when waiting to close on loans.

Please contact us by Phone on  (863) 808 2200 or via our contact page.

Qualification requirements

Whether you use our services or not, please ensure that your retrofitting company has the necessary license, insurance and experience to certify your project.

The work will be inspected, probably by an engineer.

Cost of retrofitting services

The cost of a full anchor retrofit has increased in the last couple of years due to a 50% rise in material costs.

Prices range from $2800 to $3500 for a standard home. Mobile homes with solid concrete or stucco skirting will be more expensive because of the lack of access to the underside of the home.

And Finally

Good mobile home anchor retrofit services are crucial for the safety of mobile homeowners, especially for those who have FHA loans.

It is important to understand what retrofitting is, why it is necessary for FHA loans, and how to get these services.

Contact us on 863 808 2200 for a quote.