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Finding a lender
Posted: Tue Jan 03, 2006 6:38 pm
by Susan
I live in California and the only resource for affordable housing for me is a Mobile Park Manufactured Home. I have applied with several lenders but have been advised that they do not provide loans for just the home itself, that it would also need to include the land, well there goes my dream. There is no way I can afford the land and the house even if it's manufactured. One lender stated that it will be very hard for me to get financed because few lenders if any are willing to lend money on a home when the borrower is also paying rent for the space. Can you help me?? I don't understand why I am having such a hard time since other park home owners were able to get financed and I am sure that no all of them own the land the home sits on.
Re: Finding a lender
Posted: Tue Jan 03, 2006 7:26 pm
by David Oxhandler
Getting Loan Quotes for manufactured homes on leased land is not a problem Use the MH LOAN FINDER. Answer a few basic questions and click the "Submit" button. You'll be matched with lenders and brokers who meet your exact financing needs. All Loan Types Available: Purchase, Refinance, Home Equity, Home Improvement, Debt Consolidation, Cash-out, and more...... The MH Loan Finder Service is easy to use, and it costs nothing to participate. Just take a few minutes now to complete the short questionnaire. Then, based on what you submit our lenders can find a loan that matches your needs. Within just 24 hours, your request for loan information can be answered by several participating manufactured housing finance companies.
Re: Finding a lender
Posted: Wed Jan 04, 2006 12:30 am
by Susan
Thanks - took your advise and submitted request.