where to get a loan for a mobile home
Homes that don’t qualify for real property loans. Mobile homes that don’t rest on a permanent foundation. Homes situated in a park or lease community. Sometimes it’s a bit harder to get a real estate loan on a single-wide, but persevere-you will find one. There is still chattel loans.
How to buy a mobile home: mortgage loans for older manufactured housing. This article resulted from a question asked by one of our readers. It turns out that many other visitors also wanted to.
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Where Can I Get a Loan to Buy a Manufactured Home? If you do not qualify for a mortgage loan, obtaining a personal loan is another option. You will probably find that the interest rate is higher and the loan terms less attractive, but this is a viable option if a mortgage is not possible.
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Is it possible to get a loan for a mobile home? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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Chattel loans are often used for mobile and manufactured homes when the home is going into a park or manufactured home community. A chattel loan is a home-only loan, as opposed to a loan for the home and land together.
mobile home parks have some uniquely attractive attributes, but one of the most appealing is the many different financing options available to buy a mobile home park. You will find more creative financing options in mobile home park investing than in all the other sectors of real estate combined.
If you are looking to get a manufactured home, get pre-approved to purchase a house with the expectation that the manufactured home is already attached to the real estate and is going to be sold.
The classic scenario is you own a unit in a mobile home park where. do make conventional loans on manufactured homes – if you can find a.