financing for dblwide on its own land (retired title)

[teamsmith]

I am a real estate agent and I have a client who is looking at a 1998 Dblwide home on 2 acres of its own land, in PA. The title has been retired. It is not on a foundation, it is simply strapped down. I am having trouble finding reasonable financing for the home. My clients have a 20% downpayment and have excellent credit. I filled out the financing search from this site but have not heard anything back yet, and I have little time to find due to the fact that we have a signed agreement of sale and need to get financing ball rolling. Any suggestions or help would be greatly appreciated.

Joel

[Celtlund]

Check with a reputable manufactured home dealer or two in your area to find out what mortgage broker(s) they use. Contact the broker and set your clients up with an appointment. When I was buying our home I was having the same problem you are having. I found one broker who didn't know what he was doing. The dealership I was purchasing from recommended a broker and I was pre-approved for the loan within 24 hours. Good credit and 20% down go a long way.

[David Oxhandler]

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