refinancing after setup

[MC]

I own land free and clear-no mortgage. If I purchase a manufactured home with a loan, can I then go to a bank and refinance to pull some equity from the land? Or can I get a loan up front for more than the cost of the home to do some improvements to the land? I need utilities brought underground a considerable distance ($10K worth), a well and septic. About 25K in all. The land should appraise at 85K.

[admin]

For years owners of stick built homes and manufactured homes on their own land have been able to refinance their property with extra cash back for the equity that they have in the home. This has been a very popular way for home owners to take some of the added value out of their home that the recent housing boom created while they still live in and enjoy their existing home.

Credit worthy, manufactured home owners do have programs available that will permit homeowners new financing or refinance their existing loan and receive extra money to do with as they please.

If your looking for a cash back type loan for your manufactured home fill out the form you will find HERE Then, based on what you submit, participating lenders can find a loan that matches your needs. Within just 24 hours, your request for loan information can be answered by several manufactured housing finance companies.