Financing for Mfg home

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Connee
Posts: 1
Joined: Mon Jun 09, 2008 8:48 am

Financing for Mfg home

Post by Connee » Mon Jun 09, 2008 8:51 am

Is there any company that can provide financing for a manufactured home, that is bank owned, with a purged title, in a land lease community?

David Oxhandler
Posts: 1459
Joined: Tue Oct 02, 2007 8:37 am

Re: Financing for Mfg home

Post by David Oxhandler » Mon Jun 09, 2008 2:09 pm

I assume that by a "purged title" your indication a home that has been re-titled out of the banks name. Often lenders will not finance the purchase of a competitors repos.

In most states, once the home is re-titled there is no trail back to the former owners, so this should not be a problem. If your credit report is positive, your debt level reasonable and you have an adequate down payment I doubt that you would have any problems with most lenders. Check out the lenders you can contact at How to Find a Loan for Your Manufactured Home With No Land Included
David Oxhandler
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