I want to buy a manufactured home and put it on land that I own. Where can I find someone to finance such a ve?

I want to buy a manufactured home and put it on land that I own. Where can I find someone to finance such a venture? The banks that I've tried won't touch it.

I do these kind of deals all the time. If it were a new home, you can go land/home through FHA; however, used homes don't qualify for FHA financing. You can go through my mortgage company, Sinclair-Oconee Mortgage 706-484-1324 and ask for Nicole. She will get-r-done! Be sure to tell her Michael at the Milledgeville office referred you. Green Tree and subsidiaries have been out of business for several years now. Someone seriously needs to update their rolodex. 21st mortgage has about the highest interest rates I've ever seen but with enough money down, 35% in some cases, they will finance almost anyone. I only use them with bad credit, big down payment, desperate situations. With 10% down and good credit US Bank will do a home only loan at 6.99% and $300 processing fee with no closing cost. To keep it simple, just send the figures to Nicole and let her do her magic!!

summon a horde of skeleton mages to build it

There exist two types of manufactured homes.

I. Vehicles on wheels (that may be removed) that are driven or trailered onto lots. These homes are constructed under minimum Uniform Construction Standards. These produce a uniform minimally qualified constructed product. Financing for these are available through the manufacturers and retail sellers.

2. Pre-fabricated homes built on assembly lines and requiring final on-site construction must meet stronger local building codes. Again, the manufacturers of these homes will provide you lists of banks that finance prefabricated homes. Yes, it is harder to finance prefabricated homes than traditional construction. Nevertheless you will save money when compared to new construction.

3. In today's depressed real estate market, you can obtain far more value by purchasing an existing traditional constructed property. And you have easier financing....

Just drive by any mobile home park and you will see lots of them for sale. Look on the real estate signs and call the agents. They will give you the name of the lenders who give loans for manufactured homes. From there you can pick and choose who will give you a better loan for what you are looking for.

I hope that helps. :)

You need to check either Green Tree Financial Servicing Corp.or Green Point Credit Corp., These two lenders control about a third of manufactured home financing. Understand that conventional lenders are generally not interested in the financing of such homes. The market for this type of financing is handled by others. Expect to pay a higher rate of interest on such a structure, as well as havintg a less than 30 year amortization schedule.

Also ask the dealership from whom you intend to purchase about financing. These folks know where to send you.

One of my ex's got a loan from 21st mortgage corp.

https://www.21stmortgage.com/web/21stSite.nsf/purchaseinformation?OpenForm