"pre hud" financeing

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Grant williams

"pre hud" financeing

Post by Grant williams » Sun Jan 30, 2005 6:41 pm

I own a 1971 Double Wide Mobile Home on five acres in Roseburg Oregon. This home has been 'COMPLETLEY" upgraded including a new Stem Wall Block Foundation, 6x6 Wall Studs R-21 Installation, Hardy Plank Siding etc. Nothing was overlooked in this remodel. But I'm having difficulty in finding a lender who will refinance this property. It is located in a VERY prime Roseburg location I'm looking to pay off the First TD and some credit cards.

Any suggestions?

Grant

David Oxhandler

Re: "pre hud" financeing

Post by David Oxhandler » Mon Jan 31, 2005 9:23 am

Pre code homs are not easy to finance or refinance. You might try submitting the form at ManufacturedHomeLender.com . They offer a free service and match manufactured housing lenders and borrowers. The contacts from that form are shared by a dozen lenders offices so participating lenders who offer programs and rates to meet your needs will contact you.

National lenders are not comfortable with pre-code homes because they have no way to know the quality of what they are financing. You might want to talk to the local banks and S&Ls as they know your market and will understnad the value of the locaiton.

jgn

Re: "pre hud" financeing

Post by jgn » Mon Jan 31, 2005 1:11 pm

I financed my 1976 DW with no problems through a local bank's mortgage company so it can be done. I did/do have a very good relationship with the bank which I am sure helps. I know my CU will not finance MH, modular or log even if you are a strong buyer so you will need to shop around.

George R Wilson

Re: "pre hud" financeing

Post by George R Wilson » Tue Jan 10, 2006 10:52 am

I have a 1969 double wide trailer, been remodeled and is sitting on 1 acre of horse property in Helena ,mt I am looking to refianance to pay off the 1st deed and some credit card debt. Thanks for any help.

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