 rsranch22
Joined: 03 Feb 2010
Posts: 1
1.46 Dollars($)
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Posted: Wed Feb 03, 2010 6:27 am Post subject: Mobile Home Mortgage Needed
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Hello,
I live in Battle Mountain, Nevada and own my own Manufactured Home on some acreage. I work for a federal agency and have good credit, income and job history.
I am trying to purchase an older MH on some acreage here in Battle Mountain for my Brother and his family to live in. I am running into a brick wall with financing options because lenders won’t loan on a MH that won’t be owner occupied despite the fact that it is on a foundation and converted to real property. This was a foreclosure and has been vacant for nearly a year. It was a Fannie Mae home, and we were pre-qualified to by it. Once we went into contract to purchase the home, FM sold it, and now we can’t find a lender. We were in contract to purchase the home for only $77,900. It sold three years ago for $120,000, so we are getting a good deal on the house.
Does you company have lenders that will loan on this type of situation? Are there any other resources you could provide to help me? We’ve been trying to get this home since July and my Brother and his family really need the home.
Shawna Richardson
Battle Mountain, NV 89820
775-635-3096 (home), 635-4181 (work) |
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