| Author |
Message |
|
|
masmith1313@aol.com
Guest
|
 Posted: Tue Mar 31, 2009 2:44 pm Post subject: First time home buyer |
|
|
Hi,
Will a lender finance property if it has a mobile home on it. I am looking at 2.6 acres of land that has a single wide mobile home on it with a 3/2 wood/brick frame home that is livable, but needs some fixing up.
Thank you
ginger
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
|
|
 chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
|
| Posted: Tue Mar 31, 2009 6:33 pm Post subject: |
|
|
I assume it's the 3/2 SFR you are actually looking to live in? I think the answer is most likely yes depending on how the property is appraised. Most appriasers would probably not even assign any value to the mobile home on the appraisal in which case you shoudl be fine.
_________________
Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
Five Stars Mortgage On Facebook |
|
|
jenkin7
Joined: 04 Jun 2007
Posts: 3429
Location: Hawaii
514.13 Dollars($)
|
| Posted: Wed Apr 01, 2009 12:51 am Post subject: |
|
|
Hi masmith,
If you have a clear title to the property, have a good credit score and fulfil other eligibility requirements, there is no reason why the lenders will not refinance your property with a mobile home on it. Why don't you consult this with the community lenders and ask for a No Obligation Free Mortgage Quote from them? I believe they can help you in this regard more than what I'd be able to do. |
|
|
