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Company Loan Type APR Est. Pmt.

No permanent foundation

Posted on: 01st Mar, 2007 11:33 am
do you know of a lender that will do a loan on a doublewide that is not on a permanent foundation?
Most lenders require that the double wide be permanently affixed to the foundation but some lenders do provide financing for double wides without a foundation also but you will need to make higher down payment.
Posted on: 01st Mar, 2007 11:54 am
Hi Adorenka,

Welcome to Mortgagefit forum.

If you tell me where you are located then I can provide you with details of lenders who provide services in that region.

Colin
Posted on: 01st Mar, 2007 01:03 pm
Hi Adorenka,

Welcome to our forums.

There are several lenders in our community. They offer loans on different types of properties located in various states. If you are really interested, then send us your request for free mortgage quotes and also let us know where you reside.

As soon as you send in your request, we can pass forward the details to the lenders. And if any of their profiles match with your requirements, they shall contact you.

Feel free to come up with your loan related queries.

Good luck!

Caron.
Posted on: 01st Mar, 2007 09:32 pm
Thanks colin and Caron. The property is located in Northwestern New Mexico. Close to the Farmington area. I am actually the seller. I have a buyer but we are having trouble with the loans because of no permanent foundation under the house. When I bought the manufactured home in 99, I asked questions about the permament foundation. All the lenders that I talked to just told me that it is worth more with a perm foundation. So no perm foundation was not a big deal. Man it is now. Had I known I would have put one in then. Anyway, I know this has to be a problem because there are tons of homes around here without perm foundations. Any help would be geatly appreciated.
thanks
Andrew
Posted on: 02nd Mar, 2007 10:37 am
Hi Andrew,

Welcome to forums.

Yes, I understand your problem Adorenka.

Actually, most lenders prefer to finance double-wide properties having permanent foundation. So, that is why it's becoming difficult for you to look out for such a lender. Well, have you talked to any broker? Brokers have contact with a number of lenders and loan companies and as such they must be aware of any such lender or company.

Thanks,
James.
Posted on: 04th Mar, 2007 11:26 pm
I am trying to find lenders for a mobile home in western Pa.
Posted on: 17th Sep, 2008 12:46 pm
Hi Cindy,

I hope you are looking for a mortgage on a mobile home. Can you tell us something more about your financial situation or what your liabilities are? That would help me suggest some loan options worth considering. However, you can yourself check out the mobile home mortgages from the information available in our community.

You can also request for a no-obligation free loan consultation from the lenders in our community and get an idea on which mortgage can be right for you.

good luck
Posted on: 18th Sep, 2008 05:13 am
I am selling a double wide that doesnt have a permanent foundation. I need help with some lenders that would finance one and am curious what the downfall is? Higher interest? Higher down payment?
Posted on: 18th Jun, 2012 06:04 pm
Hi Annette!

Welcome to forums!

Your buyers will have to contact the local lenders and apply for a mortgage. It is true that your buyers will have to pay higher interest rate for such loans. Moreover, they should have stable income as well as very good credit situation.

Feel free to ask if you've further queries.

Sussane
Posted on: 19th Jun, 2012 01:01 am
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