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do you finance mobile homes ?

by aldecesare721 from , South Carolina. Oct 5th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There are two ways to finance a MFH. 1. If the home is being architecturally attached to a parcel, then it would be considered real property, and you would be taking out a real estate mortgage. Although there are some lenders out there doing MFH, most do not.. for those that do, expect to pay a higher than going rate. 2. If the home Is being placed in a park where you rent the space, then you will need to find a lender that will finance the MFH without real estate.. this could be difficult. Talk to the folks selling you the home, they should have a referral, or try contacting the park it's going it.. they also might have a referral for you.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Oct 7th 2013
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

first, what yr,, location, as in on own land or in a park?? linda

Oct 5th 2013
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Kiernan Brown (KiernanBrown)
#49 ranked lender in Michigan - 149 contributions

There are many lenders that will lend on a Manufactured home. This is a home that is built in a factory to HUD building code. There are lenders that will lend for a home on it's own land and other's that will lend on a home in a mobile home park. Please message me through Lender411 and I will point you n the right direction.

Oct 5th 2013
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We do with a 680 score, however it must be taxed as real estate (de titled mobile home and on perm. Foundation).

Oct 5th 2013
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new , going into 55+ park, will have brick foundation - not skirting Location is Taylors, SC

Oct 6th 2013
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Try asking someone at the park, who most people use. I will bet they recommend 21st mortgage corporation. There are also some other lenders in South Carolina that will finance a structure in a park with lot rent. Good Luck.

Oct 6th 2013
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We lend on Manufactured homes with land.But it must meet FHA guidelines and the loan amount must be over 60,000.00. We are local in SC. Feel free to call us at 864-438-4550

Oct 6th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Try someone who answered YES here, or you can try Wells Fargo, but you may have to ask for a loan officer who will hand the paperwork involved for a mobile home

Oct 7th 2013
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