Interest Higher on MH?

[Amy]

Our Manufactured house burned down and we purchased a new one. We have 3 acres of land, a full basement, attached garage. We are trying to refinance. We have excellent credit and our lock in rate was 5.375 but were told because it is a "Manufactured House" The best they can do is 6.5. I don't understand why the fact that it is a "Manufactured" Matters? Please Help!

[Bill Fry]

Find another lendor,If necessary use a morgtage broker who can find a lendor who offers better rates for MH. Some do,some don't.

[jgn]

When I refinanced my primary home I was going to do purchase a new MH to replace my existing one at the lake and was quoted 1/2% more for the MH than primary. Wells Fargo said they charge 1/2 point more for MH, no reason that is just what they do. I could accept the 1/2 point but you were quoted 1 1/4 and that is to much. Try Wells Fargo and see what they can do for you.