Updated over 6 years ago on . Most recent reply
Loans for Mobile home rental units
I have a friend that is selling a nice single wide mobile home with a nice size lot and moving into a house he inherited. I have been told before that banks will not loan on mobile homes for rental properties. How are people financing these properties? I figured I could find a private loan to buy it. It would be a good rental unit and its really close to my other properties. Thanks for any suggestions
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Thanks @Dan Handford.
@Josh Taylor If the home and land are quality, I’d look into financing offered to buyers by 21st Mortgage or Vanderbilt. Both have loan programs to finance used mobile homes for new buyers.