What lenders (banks) will finance Manufactured Homes?

Author Message
Icon Mini Profile jayboltz




Joined: 05 Oct 2007

Posts: 4
Location: Lake Wylie, SC
2.65 Dollars($)
PostPosted: Thu Oct 25, 2007 3:40 pm    Post subject: What lenders (banks) will finance Manufactured Homes?

Anyone know any lenders (banks) that will finance Manufactured Homes in North or South Carolina ?

I know of US Bank, Taylor, Bean & Whitaker and Flagstar, any others?
Icon Mini Profile livinginnky
livinginnky
Moderator


Joined: 08 Sep 2007

Posts: 637

29.96 Dollars($)
PostPosted: Thu Oct 25, 2007 4:54 pm    Post subject:

Most conforming lenders will, their just gonna stip you to death with little details. Must be on permanent foundation, low LTV, excellent credit, etc. I am not a manufactured expert by any means, I gave up on that a long time ago.

Maybe someone will come along with some additional information.

_________________
Eric Matthews

Mortgage Refinance and Home Loan Guide
Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor


Joined: 16 Sep 2005

Posts: 1602
Location: MASSACHUSETTS
149.70 Dollars($)
PostPosted: Fri Oct 26, 2007 4:39 am    Post subject: RE: lenders financing manufactured homes

Hi Jayboltz,

Manufactured homes are financed by specialized group of lenders but to obtain financing you need to have permanent foundation.

Regarding Flagstar, we do have a community member, Eugene associated with the bank. So, you can send him a pm, may be he'll be able to help you.

You can also find out lenders in our community who can help you out with such loans. For that you need to send in your request for mortgage quotes along with a few other details. As soon as your request reaches the community, it will forward it to lenders and they shall contact you in case they can offer you such a loan.

If you can give me some more details as to your credit condition and financial situation, it will be easier for me to give you any related suggestions. And, if you have further queries, please do not hesitate to ask.

Hope this helps...

God bless you.

Samantha.

_________________
Know how to compare lenders with mortgage booklet
Icon Mini Profile banker0679

Community Experts
Community Experts


Joined: 15 Nov 2007

Posts: 332
Location: Charlotte, North Carolina
1.41 Dollars($)
PostPosted: Thu Nov 15, 2007 6:03 pm    Post subject:

Hi jay...you sound like a Loan Officer.

Taylor Bean is the only lender i use for Manufactured homes....they have no price hits for loan amounts, manual underwriting or manufactured home

_________________
Mortgage Refinance
Loan Modification
North Carolina Mortgage Rates
slbelson2603@aol.co

Guest






PostPosted: Thu May 07, 2009 10:17 am    Post subject: Mobile home lenders/banks

What banks finance used mobile homes in the Wareham, Mass. area?
The zip code would be 02538
Icon Mini Profile jenkin7
jenkin7



Joined: 04 Jun 2007

Posts: 3429
Location: Hawaii
514.13 Dollars($)
PostPosted: Fri May 08, 2009 10:36 pm    Post subject:

Hi slbelson,

There are many banks and lenders who can finance your mobile home. But your qualification for the loan depends on a number of factors. How old is the mobile home that you want to purchase? does it need any repair? does it have a permanent foundation? What is your credit score?
Guest








PostPosted: Thu May 14, 2009 7:48 am    Post subject: mobile home financing

need lender in beaumont texas area
Icon Mini Profile eric1

Community Experts
Community Experts


Joined: 04 Jan 2009

Posts: 1172

175.80 Dollars($)
PostPosted: Thu May 14, 2009 8:56 am    Post subject:

I know lenders who will finance a manufactured home in Mass but the loan would need to be full doc.
_________________
Eric - http://www.DreamHomeFinancing.com
Free Rate Quotes, Stated Income Loans
Mortgage News and Trends
Follow My Blog
Icon Mini Profile solidaynathan




Joined: 13 Mar 2009

Posts: 44
Location: Southern Indiana
17.30 Dollars($)
PostPosted: Sat May 16, 2009 8:58 pm    Post subject:

Unfortunately, most lenders have gotten out of the doublewide business over the past year or so... but keep looking because there are a few good ones left.

TBW seems to be the most popular at the moment that I know of... we do still close a few with Bank of America but their turn times have slowed as the recent surge in business has backed them up.

Best of luck!

_________________
Nathan Soliday

http://www.streamlinemortgage.org
http://www.nathansoliday.com
812-620-0046
Trisha

Guest






PostPosted: Sun Jul 19, 2009 11:11 am    Post subject: Manufactured Home Problems...

My boyfriend and I are trying to buy our first house and we found one that we like but when we went to get everything ready for it, we were told that no one would finance us because it was considered a modular home. Im wondering if anybody knows anyplace around Midland or Saginaw, MI that we can get financing?
Icon Mini Profile dollylee9




Joined: 19 Jul 2009

Posts: 63

-0.18 Dollars($)
PostPosted: Sun Jul 19, 2009 11:33 am    Post subject:

Find local lender.
Go through local news papers advertisement.

This will definately help you.
Katinka

Guest






PostPosted: Mon Oct 12, 2009 6:33 am    Post subject:

Wells Fargo will do it.
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor


Joined: 09 Nov 2007

Posts: 7418
Location: bloomfield, ct
64.82 Dollars($)
PostPosted: Mon Oct 12, 2009 7:38 am    Post subject:

hello dolly! wow...local newspaper ads are not going to find someone a mobile/manufactured home lender. our questioner is better off with an internet search, by far.
_________________
George M. Akerley
Loan Consultant

860-221-5044
DEE

Guest






PostPosted: Sun Nov 15, 2009 8:55 am    Post subject: MANUFACTURED HOMES

TBW WAS MY MORTGAGE COMPANY BACKED BY FHA NOW I AM OUT THERE NO ONE WANTS LOANS OF A MANUFACTURED HOME IN COLUMBIA,MO. DON'T KNOW WHAT TO DO
Icon Mini Profile jenkin7
jenkin7



Joined: 04 Jun 2007

Posts: 3429
Location: Hawaii
514.13 Dollars($)
PostPosted: Wed Nov 18, 2009 2:44 am    Post subject:

Hi DEE,

Finding a mobile home loan lender is not easy in this market. Many of the lenders no longer offer loans for manufactured homes. Only a few of them in certain states still offer such loans. How good is your credit? Are you looking only for FHA-backed mortgages? You may go for a no-obligation free mortgage consultation with the lenders in this community. They will assess your financial situation, credit, etc. and will let you know if you qualify for a mobile home. If any of them still offers mobile home loan and you qualify for it, he should be able to help you with the loan.
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk



DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0