Forums59
Topics1,055,670
Posts14,256,493
Members144,568
|
Most Online39,925 Dec 30th, 2023
|
|
Manufactored Home Loans
#14436586
08/01/22 06:34 PM
|
Joined: May 2009
Posts: 9,145
VIP Fishing
OP
TFF Celebrity
|
OP
TFF Celebrity
Joined: May 2009
Posts: 9,145 |
Does anyone have any experience financing a per-existing manufactured home (double wide)? I am not sure who to call as I do not think the normal mortgage lenders underwrite those types of loans.
Thank you in advance
I do enjoy a good Squirt now and then.
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436591
08/01/22 06:47 PM
|
Joined: Sep 2008
Posts: 121,182
hopalong
Pescador Loco
|
Pescador Loco
Joined: Sep 2008
Posts: 121,182 |
call your bank, they will know.
" Hop, set the hook"! hopalong 99,999 TexDawg 99,999 FJB! not my president by a long shot!
lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436595
08/01/22 06:55 PM
|
Joined: May 2014
Posts: 5,807
PondFish
TFF Celebrity
|
TFF Celebrity
Joined: May 2014
Posts: 5,807 |
Actually, there are some regular home lenders that will . But there are requirements like: It has to be on a permanent foundation with no evidence of the wheels or axles. Has to be completely skirted and the skirting should match the rest of the siding. Needs to be permanently hooked up to utilities, especially sewer or septic. . It will need to be inspected and appraised.
Do you already own the land outright?
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436634
08/01/22 07:42 PM
|
Joined: May 2009
Posts: 9,145
VIP Fishing
OP
TFF Celebrity
|
OP
TFF Celebrity
Joined: May 2009
Posts: 9,145 |
It is on leased land, but everything else on your list checks off
Last edited by VIP Fishing; 08/01/22 07:43 PM.
I do enjoy a good Squirt now and then.
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436669
08/01/22 08:20 PM
|
Joined: Jan 2018
Posts: 5,264
Notaguide
TFF Celebrity
|
TFF Celebrity
Joined: Jan 2018
Posts: 5,264 |
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436737
08/01/22 09:39 PM
|
Joined: Apr 2008
Posts: 4,814
Rockie Martin
TFF Team Angler
|
TFF Team Angler
Joined: Apr 2008
Posts: 4,814 |
If its on a piece of land that is leased then only option is to go thru a bank type scnerio. It basically just like getting a car loan, boat loan type deal. Rates will be much higher on this type of loan.
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436779
08/01/22 10:36 PM
|
Joined: May 2009
Posts: 9,145
VIP Fishing
OP
TFF Celebrity
|
OP
TFF Celebrity
Joined: May 2009
Posts: 9,145 |
Do you do financing for this scenario Rockie?
I do enjoy a good Squirt now and then.
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436803
08/01/22 11:02 PM
|
Joined: May 2007
Posts: 44,830
WAWI
TFF Guru
|
TFF Guru
Joined: May 2007
Posts: 44,830 |
There is a very good reason lenders dont like them......
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14436956
08/02/22 01:16 AM
|
Joined: May 2009
Posts: 9,145
VIP Fishing
OP
TFF Celebrity
|
OP
TFF Celebrity
Joined: May 2009
Posts: 9,145 |
I'd think this happens a lot with deer leases, maybe I am wrong.
I do enjoy a good Squirt now and then.
|
|
Re: Manufactored Home Loans
[Re: PondFish]
#14436970
08/02/22 01:29 AM
|
Joined: Jan 2010
Posts: 20,144
Emit R Detsaw
TFF Guru
|
TFF Guru
Joined: Jan 2010
Posts: 20,144 |
Actually, there are some regular home lenders that will . But there are requirements like: It has to be on a permanent foundation with no evidence of the wheels or axles. Has to be completely skirted and the skirting should match the rest of the siding. Needs to be permanently hooked up to utilities, especially sewer or septic. . It will need to be inspected and appraised.
Do you already own the land outright? He said Manufactured Home, not Mobile Home. Manufactured homes are common in my area. I was preapproved when I went home buying, they didn't care if it was custom built or Manufactures. They just needed it appraised and inspected.
May you be treated the way you treat other people, today and everyday!
|
|
Re: Manufactored Home Loans
[Re: Emit R Detsaw]
#14437031
08/02/22 02:55 AM
|
Joined: Jun 2020
Posts: 15,755
grandbassslayer
TFF Guru
|
TFF Guru
Joined: Jun 2020
Posts: 15,755 |
Actually, there are some regular home lenders that will . But there are requirements like: It has to be on a permanent foundation with no evidence of the wheels or axles. Has to be completely skirted and the skirting should match the rest of the siding. Needs to be permanently hooked up to utilities, especially sewer or septic. . It will need to be inspected and appraised.
Do you already own the land outright? He said Manufactured Home, not Mobile Home. Manufactured homes are common in my area. I was preapproved when I went home buying, they didn't care if it was custom built or Manufactures. They just needed it appraised and inspected. He said double wide. Itโs no different than calling a used car โpre owned โ
|
|
Re: Manufactored Home Loans
[Re: VIP Fishing]
#14437034
08/02/22 03:02 AM
|
Joined: Mar 2011
Posts: 16,340
Westside.
TFF Guru
|
TFF Guru
Joined: Mar 2011
Posts: 16,340 |
I want to buy a used school bus and do a full livable conversion, I've been down the rabbit hole and I'm hooked, albeit my addictive personality aside, no loan needed and do whatever TF you want
|
|
Re: Manufactored Home Loans
[Re: Westside.]
#14437042
08/02/22 03:12 AM
|
Joined: Feb 2015
Posts: 5,681
kennerdude
TFF Celebrity
|
TFF Celebrity
Joined: Feb 2015
Posts: 5,681 |
Now that is a cool conversion Westside.
|
|
Moderated by banker-always fishing, chickenman, Derek ๐, Duck_Hunter, Fish Killer, J-2, Jacob, Jons3825, JustWingem, Nocona Brian, Toon-Troller, Uncle Zeek, Weekender1
|