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Updated almost 6 years ago on . Most recent reply

User Stats

38
Posts
11
Votes
Allan R.
  • Rental Property Investor
11
Votes |
38
Posts

Calling all amarillo texas lenders.

Allan R.
  • Rental Property Investor
Posted

I have found an off market property that I am having severe difficulties finding financing for. 

Issues: There are 3 manufactured homes that have been moved to the property. 

Yes they have all been set on permanent foundations but since they were moved to the property I am turned down from traditional mortgage loans. 

Apparently there is a secondary mortgage market that I have tried and also have been turned down due to the PROPERTY. 

My commercial lenders also have turned me down due to the manufactured homes.

A little about the property: 

 Sits on 8 acres 

 Has a 3 car garage 

A 1 car garage 

5 large horse stalls

A huge shop

Chicken coop

Multiple storage rooms

Fenced in yard

The 3 manufactured homes of course

310 k sales price

Will be owner occupied 

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