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Older Manufactured Home & Lot Financing in NC

Posted: Sat Sep 03, 2005 6:32 am
by Laura
Can anyone tell me if there are any financing options for purchasing an older doublewide & lot other than the standard 30 year fixed? We are looking for an interest only mortgage or option arm mortgage. Do these options exist for older manufactured homes & land purchases? If so, what financing companies offer them?
Thanks!

Re: Older Manufactured Home & Lot Financing in NC

Posted: Sat Sep 03, 2005 7:28 pm
by rmurray
I know of noe interest only mortgages for manufactured homes...If this home is set to FHA standards..most FHA lenders do offer 3/1 or 5/1 ARMS...Righ now not a geat rate in comparison to fixed...Call a few local dealers about finance sources they have had good luck with...