South Carolina Mobile Home Lending

[Harris Jones]

I am looking to buy a mobile home with land as an investment property. We wanted to flip it, but my team is unfamiliar with lending requirements for mobile homes. We want to make sure that a buyer will be able to receive lending on the property before we decide to take it on.

From what I've researched, it looks like most lenders require it to be built after 1976, not be in a trailer park, inspected by a structural engineer, and to have a "permanent foundation". I've read a lot of different descriptions of a permanent foundation for mobile homes, and would love it if someone with experience could clarify this for me. Is a permanent foundation defined as axles removed, jacks, and being tied down with skirting around it? Or must it have a brick or cinder block foundation to be considered permanent?

Also, are any other requirements that I'm not aware of or "gotchas" that we should look out for? Thanks, BiggerPockets!