Financing

[maggiemil]

Does anyone know where I can get financing for a used mobile home in massachusetts? My bank said they do not finance these and probably most banks won't either. I had a phone call from a finance company but that will be between 7.5 and 8.5%.

[David Oxhandler]

Let lenders compete for your business. You get to choose from multiple quotes when you Try the MH LOANFINDER SERVICE, They are a mortgage information referral service that accepts requests regardless of credit history. You may request information for any type of manufactured home finance. Their goal is to provide you with information to make an informed decision for your financial future.

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[firewalker777]

Can Any one tell me who I can go to to get a loan for a used manufactured home? It is on a concrete foundation on a full basement with it own water well on one acre of land. The owner wants to sell out right to me and not go thru a realitor. This is in Wyoming. I have been to several lenders and alot of them will only finance the house, not the land. The home is a 1977.
Any help would be greatly appreciated.
Firewalker777
[email protected]

[David Oxhandler]

If you are purchasing your home and land together as a single real estate transaction, then a real estate mortgage loan is right for you. In some cases, you may finance your manufactured home and land with one of our lenders who offers traditional mortgage loans secured by your manufactured home.

As America's number one source of manufactured home loan quotes, the Manufactured Home Loan Finder Service has developed a wide variety of innovative mortgage quote solutions. All of, which are available to you through a nationwide association of approved national lenders and licensed independent mortgage professionals in your local area.

[stekow1111]

I'm in upstate new york and have made about 4 calls to ads on the web. None of them came in below 7.5.. I contacted a local credit union and they will do 7 percent for 20 years. this is for a bramd new built home with land lease.

Good luck in your search.

Jerry

[jeremybhurt]

Looking for financing options for a used mobile home in Massachusetts can indeed be a challenge, especially with the limitations some banks may have in offering such loans. However, there are still avenues worth exploring to secure the funding you need.

One option is to consider working with credit unions or local lenders that specialize in mobile home financing. These institutions may have more flexible lending criteria and a better understanding of the mobile home market, making them more likely to offer financing for your purchase.

Another route to explore is financing companies that specifically cater to mobile home buyers. While the interest rates may be slightly higher, as you mentioned, ranging between 7.5% to 8.5%, they may provide the financing you need when traditional banks cannot.

Additionally, it's worth reaching out to organizations like Ted Home Care, which may have insights or connections in the housing finance industry. They might be able to point you in the direction of reputable lenders or offer alternative solutions to secure financing for your mobile home purchase.

Lastly, don't overlook the option of seller financing, where the seller acts as the lender and provides financing directly to you. This can sometimes be negotiated, especially if you're purchasing the mobile home from an individual rather than a dealership.

In conclusion, while financing a used mobile home in Massachusetts may present its challenges, exploring alternative lenders, seeking guidance from organizations like Ted Home Care, and considering creative financing options can help you achieve your homeownership goals.