Financing in 54937>Question Details

Mary Kay Bur…, Real Estate Pro in 54986

Who does Mortgages for manufactured homes?

Asked by Mary Kay Buranich, 54986 Fri Jun 10, 2011

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Mary Kay,

Wells Fargo has won awards for being the leader in manufactured home loans. I'd give them a call and whomever currently holds the mortgage on the manufactured home if pre-existing.

You can usually expect to pay higher interest rates when financing a manufactured (what we used to call mobile) home.

Another key to successful financing is ensuring Buyer has obtained a Certificate of Compliance from a professional engineer and that the engineer has delivered said certificate to Buyer's homeowners insurance agent. (It's a "newer" HUD rule and can't be bypassed.)

Hope this helps!

Sincerely,
Lori Koschnick
Newton, WI 53063
0 votes Thank Flag Link Fri Jun 10, 2011
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