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Updated over 5 years ago,
Trying to get a heloc on a single wide mobile home
I am a single father of 2 in grants pass oregon who owns a riverfront property with a 1963 single wide mobile. The house appraised at 270,000 but i am having the HARDEST time finding a lender for a heloc on an older mobile. The house is paid off in full and i still cant find a lender. I do t want to sell the place i want to take a heloc on the property to invest into rental properties or a fix and flip. I am so stressed right now not being able to get a heloc to start my real estate portfolio on a house i own free and clear. Does anyone have any help on finding a lender on a 1963 single wide mobile? Anything helps. I am trying to get my children and i's future started in real estate and i cant even use my home thats paid off to do it with. Breaks my heart
Jake