I know some lenders will not finance a manufactured house on it's own land, but surely there are others who would. What requirements would there be on getting financiang for this?
2007-03-26 19:26:10 · 4 answers · asked by fromorto12 2 in Business & Finance ➔ Renting & Real Estate
It can surely be financed with a conventional loan (quality home). And if the home is permanently affixed to the land, it could go FHA or VA.
2007-03-26 19:33:21 · answer #1 · answered by teran_realtor 7 · 1⤊ 0⤋
I work with several lenders that will finance a mobile home on it's own land. Generlaly they want 20% downpayment. You could always get an FHA loan as they will finance up to 97% on a manufactured home.
2007-03-26 23:16:11 · answer #2 · answered by Anonymous · 1⤊ 0⤋
teren is right, i was going to do this with a home i had in a trailer park but talk to the township offices and get their input.some twp wont let a mobil home come into the twp and some will but it has to have a certain roof pitch along with other crap.it got to be a hassle and i just bought a house and was done with it,good luck
2007-03-26 19:46:35 · answer #3 · answered by bearman48064 3 · 1⤊ 0⤋
best option would be to get it converted to real property you can email me at mortgagehills@yahoo.com i have 6 lenders who do that type of loan
2007-03-26 19:40:57 · answer #4 · answered by mortgagehills 1 · 1⤊ 0⤋