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mobile home+land mortgage companies

Posted: Thu Apr 03, 2008 8:48 pm
by curlylocks
does anyone know of any mortgage companies that will finance land on which you plan to move your mh onto?

RE: mobile home+land mortgage companies

Posted: Fri Apr 04, 2008 6:44 am
by Harry
Hi

To finance land - around here you would start with the local banks. If this didn't work out you would start talking to local mortgage brokers.

Also a lot of MH dealers around here sell land and MH packages. These dealers have finance info.

Hope this helps.

Harry

RE: mobile home+land mortgage companies

Posted: Fri Apr 04, 2008 1:02 pm
by nwwoman
I live in a very rural area. Surprisingly enough, no bank here will finance land only. You can only finance it through the bank if it's a land/home deal.

Also, all banks in this area have completely stopped lending on mobile homes that are to be located in a park. You can only get financing if it's real property. In that case, any bank or mortgage company would work but you may get your best deal at a credit union.

RE: mobile home+land mortgage companies

Posted: Sat Apr 05, 2008 10:35 am
by lindym
Chiming in from NW WA State. One of the largest CU's in the area will loan on modular homes but not one with a title :? We have possibly one bank that does MH's. Lending institutions are all different.

We are waiting for final word on our mortgage on a 1978 DW on 2.5 acres. We are not new to mobile homes, but this forum has so much to offer. Thanks.

Linda

RE: mobile home+land mortgage companies

Posted: Sun Apr 06, 2008 12:59 pm
by Yanita
Hi,

I am going to move this to the Off Topic forum as it is not repair related.

Yanita