Financing a mobile home

[Mat Poole]

I’m trying to purchase a property (in Clarksville TN if that’s important) that’s a half acre with a single mobile home on it. The numbers look great and it’s in my price range but I can’t seem to lock in financing on this. I’ve spoken with 9 loan officers and even tried to split up the purchase (vacant lot financed, cash on the home) to no avail. Any tips?

[Rachel H.]

@Mat Poole You may want to talk to your local mobile home dealership. They may have a few referrals for you when it comes to financing the mobile home purchase. Usually, they work with lenders when it comes to selling mobile homes with land. Hope that helps!