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Updated over 6 years ago,
Lenders for Pre ‘76 Manufactured Home?
Have a client interested in a 1974 manufactured home. Single wide home, is placed on a block foundation, and sits on a quarter acre deeded with the home (not in a mobile home park).
Owner rehabbed it very nicely, hard to tell it’s even a mobile but once a mobile always a mobile and I’m not having any luck finding a lender willing to finance due to it being built pre ‘76.
Local banks aren’t willing, even with upwards to 30% down and the owner isn’t interested in financing it to my client either.
I know local banks are generally the best bet for these scenarios but the home being manufactured in 74 is scaring off everyone. Anyone know of a national lender that might be willing to finance?