Asked by dragbikejim  |  Submitted January 08, 2016

What's the best way to go about getting financing set up to purchase a mobile home?

Report Question Report

  Leave Answer

Sign in to MoneyTips
By submitting you agree to our Terms of Service

  Answers  |  1

January 12, 2016

Mobile homes/manufactured homes can be difficult. The reason being is that if the home is not fixed to the foundation with the proper documentation showing so, then the home is still mobile making it "personal property" as opposed to "real property". It can be very difficult to get a loan from a "mortgage lender" since most of them only loan on "real property".
One other issue that could come up is that many lenders will not lend if the home is in a Mobile home Park. It usually has to be on it's own plot of land. But call a few places and ask around to see if they'll lend to you.

$commenter.renderDisplayableName() | 09.28.20 @ 02:30