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Updated over 1 year ago on . Most recent reply
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ISO of Manufactured Home Cash-out Refi Lender
I'm having a difficult time finding lenders who will finance a single-wide mobile home on 2.5 acres in Land O' Lakes, FL. It's a recently fully renovated home in excellent condition. The property will be used as a rental and the loan will be used to pay off the debt accrued during the renovation which is now complete.
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@Dustin Seager Check with your local manufactured housing association. They may have some referrals.
Also, you may want to talk to some real estate agents in the area who actively list and sell these types of properties. They may know some lenders who may be able to help. Local banks and credit unions are another avenue to check to see what your options are.
Lastly, private lenders and hard money lenders are other options to look into. Many investors I know finance a quick sale using hard money lenders and refinance later with other lenders.
Just a few ideas. Hope that helps!