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Do I have to own land before I purchase a mobile home?

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Icon Mini Profile tess7929





Joined: 01 Sep 2010

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Post Posted: Wed Sep 01, 2010 7:12 am    Post subject: Do I have to own land before I purchase a mobile home?
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I have heard that in order to buy a mobile home you have to own your own land. I was wondering if I purchased a mobile home could I put it on a rented lot?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Wed Sep 01, 2010 10:56 pm    Post subject:
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Hi tess!

Welcome to forums!

You might be able to place the mobile home on a rented lot. However, it would be difficult for you to get a conventional mobile home mortgage. You will have to go for a personal property loan.

Sussane
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