I had a very hard time finding anyone to offer a line of credit on a non-primary property without the 6 month seasoning requirement, and I must have called over 100 institutions easily.

I don't think any financial institution will acknowledge a client's ability to cover a check over the phone anymore, at least where I live. 

I'll check that out a little further.Unless you are trying to get a 'regular loan' from a bank or financial institution that is licensed either by a federal entity or the state to lend funds -- then there isn't much difference. 

We have been told (but we are very skeptical) that because of responses received from Rishel Consulting Group, the Illinois Manufactured Housing Association, the Wisconsin Manufactured Housing Association, the Texas Manufactured Housing Association, the Manufactured Housing Institute, and two law firms, that chattel lending for manufactured homes will be written out of the legislation.The challenge, and the reason I posted this, is that everyone in the industry needs to be on the alert for when the model legislation reaches their state legislators to make sure chattel lending for manufactured homes is, in fact, exempt from any legislation the legislators may pass. 

My concern is the the "due on sale" clause being executed by lending institutions when using these methods.  

then go ahead with the deal (you should have built in enough of a contingency to account for these kinds of surprises)...this is actually a  normal occurrence, in my experience, when buying from gov't institutions.

We are supported by two major educational institutions. 

@David Krulac they are a COMMERCIAL institution.

Hi Garrett,I haven't talked to a representative at either institution seriously about portfolio loans yet; I just asked conversationally over the phone, but I believe Mountain American Credit Union and Norther Nevada Credit Union do offer them to repeat/trusted clients.BP podcast 134 a few weeks ago featured BMX rider Terry Adams.

Also during this process there will be a pre-lien put on your house from the financing institution.