financing a MH on land

What do you want to know about manufactured homes? The worlds greatest collection of expert advice on buying, installing, maintaining and repairing manufactured homes.



Post Reply
JM Gray

financing a MH on land

Post by JM Gray » Thu Sep 04, 2003 9:28 pm

I am in need of finding financing for a MH I want to buy that is already on 1.25 acres. It's a Golden West built in 1994.
The trouble I am having is that lenders don't want to lend on MH because of some new study about the # of people who foreclose or abandon their homes.
So I need to come up with 5% down, and cannot use any gift money.

Does anyone know of anything better!
Thanks, Jenn

rmurray

Re: financing a MH on land

Post by rmurray » Fri Sep 05, 2003 4:07 am

Hundreds to chose from...If you are in Golden West country...try Wells Fargo Mortgage..they have many offices in the West..

Also go to the find a mortgage section of this web site..scores of lenders are listed there and want your business..

Some lenders...not all..will restrict your term to 20 years with only 5% down...but many will still go a full 30 years...of course..shorter term finance is to your long term benefit..Good Luck

Post Reply

Who is online

Users browsing this forum: No registered users and 0 guests