You wil ldefinitely need to be able to prove your income. You will also have to explain large cash deposits. If you need a referral for a lender, there are many in the area that I can recommend.... more
I hope this is helpful. You are better off paying cash for a MH. Financing is only VA or FHA and would require a minimum of 10% down for FHA. It will most likely depend on the lender.
If you decide on a site built home, financing should be a bit easier to obtain. Your debt to income range will need to be in line with lender requirements for a 2nd home if the first home is mortgaged. Second homes also typically need to be 30 miles of more from the other home.
If you would like to speak with a mortgage lender in your area, please call me and I can refer you.
ERA Tom Grizzard... more