Financing a stick built and manufactured home on the same lot

[Jeff Macdonald]

Greetings!

I am trying to figure out how to get a conventional loan on an investment property. It's a 1960s stick built home and an almost brand new manufactured home (1340 sq ft, permitted) on one property. My mortgage broker states she thinks this goes against standard conventional loan rules for investment properties. Seller will not carry. Any suggestions? This would be my first property, so I don't think a portfolio loan is possible, right?

Thanks!

[Sky Mikesell]

@Jeff Macdonald  .... two houses on one lot that are not physically connected are a challenge for conventional financing which i also found out the hard way.    Reach out to Peak Financing and talk to them. they are a great group and will likely be able to help you. it would be a portfolio loan but they will work through it with you if it can be worked through. :)