Financing
Posted: Thu Oct 09, 2003 1:27 pm
Why do they make it so difficult for people to finance manufactured homes? These homes are suppose to be so affordable, and they are, but the financing is so difficult.
I have my home up for sale, which is a beautiful home, a 28 by 60, and the people who have come to see it just love it. However the problem is they can't find anyone to finance since it's in a Park, and I do not own the land. If they can get a loan, the interest rate is so high, and they want 10% down, and the lot rent is not cheap, what are these people suppose to do?
One couple wanted this house so bad, they had plenty of income, but did not have the 10%, so they couldn't get the loan. Is there anyone out there who does finance for these situations?
I would appreciate any feed back.
Thanks
I have my home up for sale, which is a beautiful home, a 28 by 60, and the people who have come to see it just love it. However the problem is they can't find anyone to finance since it's in a Park, and I do not own the land. If they can get a loan, the interest rate is so high, and they want 10% down, and the lot rent is not cheap, what are these people suppose to do?
One couple wanted this house so bad, they had plenty of income, but did not have the 10%, so they couldn't get the loan. Is there anyone out there who does finance for these situations?
I would appreciate any feed back.
Thanks