Posted by Tony Colella on March 30, 2006 at 14:48:01:
To clarify. I am not a lender, loan officer, mortgage broker or bank employee. I do not lend on mobile homes with land, I buy and rent them along with small parks etc.
The string of posts you replied to should help point you in the right direction but to summarize, there are many lenders out there who will lend when you include the land with the mobile home. Singlewides are harder to finance than doublewides but not impossible, especially if you plan to live there.
Wells Fargo might be your first stop. Washington Mutual, 21st Mortgage etc. may be able to help. Small local banks will do these deals but you can’t simply call them on the phone, talk to the lady who’s desk is in the lobby and get this type of deal done. It takes work to get in front of the decision maker who can and will do these deals. Again, the smaller the local bank, the better. Bigger banks will do them but it is harder to meet the decision maker.