Financing in 05677>Question Details

Brittany Roy, Real Estate Pro in Colchester, VT

How to finance a doublewide mobile home, on leased land, in a park with 25% down BUT for 30 years?

Asked by Brittany Roy, Colchester, VT Thu May 5, 2011

I have some clients looking to purchase a doublewide mobile home in a park. She has 25% to put down. Does anyone know a mortgage broker who can finance this for 30 years?

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Gordon W Miller’s answer
Opportunities Credit Union is a place to start. Mortgage Brokers usually work with lender who sell the loans to the secondary market, which will not accept a mortgage backed by a manufactured home.
Web Reference: http://www.oppsvt.org/
0 votes Thank Flag Link Tue Aug 16, 2011
Opportunities Credit Union would be a place to start. Mortgage Brokers usually are not able to assist as the a mortgage for a manufactured home cannot be sold on the secondary market.
Web Reference: http://www.oppsvt.org/
0 votes Thank Flag Link Tue Aug 16, 2011
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