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loan for mobile home renovations

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lsfahey@yahoo.ca

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Post Posted: Thu Jan 12, 2012 7:57 pm    Post subject: loan for mobile home renovations
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I am looking for a loan to renovate my manufactured home. I own it with nothing owing on it. It is in a 55+ community (resident owned). I live in it for 6 months and 6 months in Canada. I do not own the land that my home sits on. Is it possible to find a loan for my needs.
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smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
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Post Posted: Thu Jan 12, 2012 10:17 pm    Post subject:
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Hi lsfahey!

Welcome to forums!

You will be able to get a loan on your mobile home provided it is free and clear. You should contact the local mobile home loan lenders and apply for mortgage. If you meet the required criteria of the lender, then you may get a loan. However, in most cases, the lender will want you to own the land on which the property is located.

Feel free to ask if you've further queries.

Sussane
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