Looking for a lender who finances manufactured homes as a "2nd home" with 50% down.

Asked by Randy Charboneau, Grandville, MI Wed Nov 3, 2010

Can't find em. Do they exist anymore? FHA won't touch it unless its a primary. So frustrating!

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7
Sonya Loose, Agent, Beaverton, MI
Thu Nov 4, 2010
BEST ANSWER
Yes they exist....try Wells Fargo. I know the Midland, Mi location does them. Also, First Bank...I use the location out of West Branch. Independent Bank may as well. I live and work in a second home community so I run into these situations too! Good luck!
1 vote
Michelle Gor…, Agent, Ada, MI
Thu Nov 4, 2010
This guy may be able to help:
Scott Sharda
Financial Services Officer
GreenStone FCS
3225 Walker Ave. NW
Grand Rapids, MI 49544
Phone 616-647-0030
Cell 616-490-0240
Fax 616-647-0031
Web Reference:  http://www.gordongroupgr.com
1 vote
dave, Agent, Charlotte, NC
Thu Nov 4, 2010
I use coldwellbanker mortgage......I just did one with someone with 20% down as a second home.
Web Reference:  http://www.davedicecco.com
1 vote
Gene Hacker, , Lake Isabella, CA
Wed Nov 3, 2010
I haven't found any either.

Most of my buyers have been using hard money loans which are very expensive for long term holding.

It would seem that some community banks and portfolio lenders would consider it...but I have not found any yet in my area.
1 vote
, ,
Mon Mar 24, 2014
As long as you 20% down, I can do a manufactured home loan for you. I have been offering manufactured home loans since 1987. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.

Bart Gabe - Lending Nationwide Since 1987

800 315 8803

http://www.bartprequalifies.com

bart@bartprequalifies.com
0 votes
Michael Fort…, Agent, Caledonia, MI
Mon Mar 10, 2014
Try Anthony Gardner at Lake Michigan Credit Union. I have used him before...
0 votes
Randy Charbo…, Agent, Grandville, MI
Thu Nov 4, 2010
@Sonya - Thanks! I"ll check them out

@Michelle - GreenStone already rejected it - Wouldn't do it as a 2nd home

@Dave - Thank you. Didn't know Coldwell had a mortgage branch. I'll check into that.

If anyone else reading this has a lead for these, please post. Whoever gives me the lead that results in a loan gets the BEST ANSWER!
0 votes
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