Financing in San Antonio>Question Details

Paul Stanley…, Real Estate Pro in San Antonio, TX

does anyone know of a hard-money lender that will lend on a mobile home? The ones I work with do not loan on this type of property. Thanks

Asked by Paul Stanley Salazar, San Antonio, TX Wed Sep 7, 2011

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4
Sorry Paul, but I think you'll be hard pressed to find any that would do this. A mobile just isn't good collateral for any hard money lender. Not in this market/environment.
0 votes Thank Flag Link Thu Sep 8, 2011
Here are 2 individuals that can help with CONVENTIONAL financing for manufactured homes:

Michelle Noble
mnoble@highlandsloans.com
210-745-5569
640 score, 20% down

and

Mike Gomez
michael.gomez@mortgagefamily.com
210-483-6423
640 score, 20% down
0 votes Thank Flag Link Wed Sep 7, 2011
Try 21st Mortgage Corporation - 800-955-0021 Ext. 1456
http://www.21stmortgage.com

Their card says: "America's number one manufactured housing lender. Offer 5 and 10% down. ... no prepayment penalty...."

Good Luck!!!

Lee Gonen
(210)383-7744
RE/MAX Vista
Floresville, TX
0 votes Thank Flag Link Wed Sep 7, 2011
If you find one... post it here... I can't find one that will touch a mobile home with the proverbial 10 foot pole! Plenty of FHA lenders that will do one... but I have not found a hard money lender...
0 votes Thank Flag Link Wed Sep 7, 2011
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