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Posted on: 30th Oct, 2012 11:56 am
I have a 2002 32x80 Manufactured Home on 9.5 acres. I would like to have a FRM for longer than 10 yrs. I get the run around about bundling a manufactured house with a mtg. I have excellent credit and owe less than it is appraised. I would like to know if their is a traditional loan available and/or if the unit needs to be titled different, then how do I convert this into an actual 'house'.
Hi Guest,

As the property is a manufactured home, you will have to contact the local lenders and apply for a mobile home loan. Your property should meet the required criteria in order to qualify for the mobile home loan.

Thanks
Posted on: 30th Oct, 2012 08:07 pm
It is generally a little difficult to obtain a home mortgage loan by keeping your manufactured home as collateral. But, given your home set up and of course your credit score, you have good chance of getting a home mortgage loan.
Posted on: 30th Nov, 2012 02:21 am
There is no need to convert it into an actual house. The idea of mobile or manufactured home is very much present in the country. You can try out obtaining a mobile home loan.
Posted on: 17th Dec, 2012 08:54 pm
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