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Updated about 4 years ago,

User Stats

7
Posts
2
Votes
John Shepherd
2
Votes |
7
Posts

Partial mobile home-having trouble with getting a mortgage

John Shepherd
Posted

I purchased a property last year, remodeled it, put a renter in it, but have had trouble being able to get a mortgage on it.  We went through the steps to retire the title, its on a permanent foundation, no axles or tongue, the whole works...its now considered real estate through the state and county.  However I cant seem to find a company that will put a mortgage on it due to it originally being partial mobile and a non owner occupant investment property.  Anyone know of lenders that can help me out with this or any other advice??

Side note: We listed it for sale prior to renting(we were still working on the title situation) and had people knocking down the door to purchase, some over list price. We couldnt close at the time due to the title issue taking longer than expected.

Thanks!