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Updated about 2 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Bobby Clifford
  • Vale, NC
3
Votes |
18
Posts

On frame modular financing

Bobby Clifford
  • Vale, NC
Posted
Hello! I am looking at putting a cash offer in on an on frame modular HUD property. I would be using my own HELOC for the purchase and would like to get a cash out mortgage on it after the initial holding period. Anyone have any advice on where I should look for financing? It appears that the banks I have looked at will not do an on frame modular. The property does come with its own property and is on a permanent foundation. I do have a mortgage on my primary residence but it’s not an FHA loan. I do not intend on moving into the investment property. Any advice would be appreciated!

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