Posted by Dr. Craig Whisler on January 08, 2004 at 14:38:36:
I live nearby and I know what you are facing. Your problem is two-fold. To get a good loan you need a much newer mobile home and a permanent foundation. Then you shouldn’t have problems getting a loan.
If you want to refi ‘as is’ you must use either private money or go through a hard money loan broker. The Riverside Yellow Pages are full of them.
You have one other option that I can think of. You might just forget the mobile and go for a land only loan of, say, up to 50% LTV.