Posted by Tony-VA on July 08, 2002 at 20:34:52:
You will not have a problem finding a lender for a double wide, owner occupied on land. Single wides can be tough but not double wides.
Simply go to your bank and start asking them. Many local lenders will do everything in house. If that doesn’t work then go to the phone book and get some names of Mortgage Brokers and start dialing for dollars. The broker may cost you a point but if you can’t find get funding from a local bank or your bank then go with the Broker. Chances are if you start asking around, you won’t have a problem finding a loan.
Since you will be going with Lender financing they will require title insurance but for future deals when you start talking to an owner who has major medical bills, chances are that real estate is attached. You will want to make certain he can get clear title at that price.
Best Wishes,
Tony-VA