Refinance- New Manufactured home

[Rajshekar Manaliker]

Hello Everyone,

I am seeking a lender to help me refinance(conventional loan) my manufactured home. To give you a background, I have a property in Maple Valley City in Washington state with a clear title paid off for land. Currently, I am working on installing a new manufactured home with a new septic tank on the foundation. Eventually, I aim to refinance with conventional financing and repay the hard-lending loan. 

Thank you for all the help.

Raj - 3162003276

[Erik Estrada]

Quote from @Dave Skow:

@Rajaa Boulassouak- thanks ....if this property is an investment  property most lenders won't be able to assist with a loan for a rental property that's a manuf home 

@Rajshekar Manaliker

You can most certainly finance an investment manufactured home with a DSCR based loan as long as It meets the following parameters:

1. Cannot be Rural 

2. Must be on permanent foundation 

3. Must be built after 1975 

4. Cannot be a low property value (less than $150k)