The Manufactured Housing Forums

We just put a downpayment on a 2003 model Fleetwood. We haven't finalized the financing part yet. We live on family owned land but it isn't in our name and we are having a hard time getting any help from our local banks. Some want a 30% downpayment and others will not even begin to talk to us.

We can always go with the financing companies that work with our retailer but the rates are higher.

Any ideas or suggestions. What about a good rate right now?

First suggestion would be to buy your own property...If you can get financed for a home only deal through the dealer...It will be at 10% or more interest (before buy down) with a 10% downpayment...

You can get 6.5% interest on a mortgage now wioth no downpayment..Results in a payment with land price included...lower or the same as home only payment...effective result is free land..