financing

[Pamela]

Hi, I am new to this: looking into purchasing a mobile home and land as a second home. What kind of financing is usual for this type of transaction? Will banks finance an older mobile home in Florida, if the main value is the land? What is the usual required down payment for land with a mobile home already on it? What is the longest financing term usually offered? Any input welcome!

[David Oxhandler]

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[rmurray]

Banks will finance "older" home...Depends how old...In most cases banks are primary housing lenders and would prefer thw value be in the home....Terms will be up to 30 years with as little as 5% down is common....Remember the moree you invest the better off you are.....Find a property you like and submit to the loan finder on this site.....Good Luck...

[Pamela]

Thanks for the input, I am looking for a property.