Would they deny a home loan if it was a modular home (not mobile home)
The house is nice, will easily pass inspection. Has a FULL basement with 10ft ceilings and is finished out, rooms windows bathroom etc. . The house looks like parts of it were prefabricated or something. The listing says ranch style home. It doesnt have a seam down the middle like a mobile home, and they even added an addition onto it, but it has that "modular home" look to it. The lender asked us if it was a mobile or manufactured home. I didnt know the answer. If it is, will they deny us? Even if there is nothing wrong with it?