Is there anyway to get fianancing on a double wide mobile home that is 28 yrs old?

Mustang Sally
Mustang Sally
Home Buyer
Quinlan, TX

Mon Sep 7 2009, 22:15 - Home Buying in Greenville - 1 answer
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T.E. Sumner
T.E. Sumner
Agent
Rockwall, TX
FIRST ANSWER

As you suspect, older manufactured homes don't hold their values well and the appraised value for the loan may come in very low.

There are still lenders out there making loans on manufactured homes with some provisos. You'll have to ask your loan officer about a lender requirements.

Web Reference: http://www.Mortgages-TX.com
Tue Sep 8 2009, 00:12
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