Home Buying in Tunnelton>Question Details

Melmoe, Home Buyer in Morgantown, WV

Do most banks require that you put a doublewide on a foundation when your looking to buy a new one?

Asked by Melmoe, Morgantown, WV Tue Apr 21, 2009

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I work out of Wheeling but visit Morgantown regularly. Most of the time you finance mobile/manufactured homes through the manufacturer or their finance company and each company will have different requirements. If you are talking about trying to get a mortgage loan from a conventional bank (which is somewhat difficult when dealing with mobile/manufactured homes) then yes they will require you to "install" the home on a foundation.
Do you have 20% to put down? Do you already have the land?
Travis Broadwater
Wheeling WV
http://www.travisbroadwater.com
0 votes Thank Flag Link Tue Apr 21, 2009
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