Unique MFG Home Financing
Unique MFG Home Financing
Looking to put together a Financing Package for 1972 Double-Wide with newer Stick-Built Addition. Do you offer financing...or...can you refer me to anyone who does. Thanks!
Re: Unique MFG Home Financing
Donna, I am not aware of any lender willing to finance a doublewide that is older than 25 years assuming that the d/wide is being taxed as Personal Property and NOT on a permanent foundation.
If the d/wide IS taxed as REAL PROPERTY and is on a permanentl bricked in foundation and off-wheels/axles and is in VERY GOOD condition then there may be a slim chance that a mortgage lender MIGHT be willing to finance a qualifying applicant based on 75% of it's appraised market value.
You really neeed to talk to a local real estate appraiser to inquire how he or should would appraise what appears to be a "hybrid" comprising part manufactured and part stick-built.
The land on which the home is located may have strong $$ value which might enhance the overal picture but the issue of finding comparable properties that have sold in your area within the past 3-6 months might be difficult to come by.
Also talk to a local realtor and a competent mortgage broker.
Most major mortagge lenders are rapidly removing themselves from financing even NEW d/wides and are embracing off-frame modular housing products which are recognized as being the same if not better quality than conventional stick-built.
If the d/wide IS taxed as REAL PROPERTY and is on a permanentl bricked in foundation and off-wheels/axles and is in VERY GOOD condition then there may be a slim chance that a mortgage lender MIGHT be willing to finance a qualifying applicant based on 75% of it's appraised market value.
You really neeed to talk to a local real estate appraiser to inquire how he or should would appraise what appears to be a "hybrid" comprising part manufactured and part stick-built.
The land on which the home is located may have strong $$ value which might enhance the overal picture but the issue of finding comparable properties that have sold in your area within the past 3-6 months might be difficult to come by.
Also talk to a local realtor and a competent mortgage broker.
Most major mortagge lenders are rapidly removing themselves from financing even NEW d/wides and are embracing off-frame modular housing products which are recognized as being the same if not better quality than conventional stick-built.
Re: Unique MFG Home Financing
If you are in the Mid-West, I have a lender that does these kind of projects.
What state is this home in?
What state is this home in?
FLORIDA MFG. HOME INSURANCE
HI I'M LOOKING TO CONTACT INSURANCE COMPANIES WRITING POLICIES ON MFG. HOMES IN THE DAYTONA AREA OF FLORIDA THANKS CURTIS
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