Smith  take your large sum of cash and deposit it in a local small community bank get to know your community banker and then set up credit with them... won't go against your fico and they will be there for you in the long run... best rates and you don't get killed with junk fee's like traditional lending... long term relationships.. and by a lot of money I would think mid 6 in cash would get some small commercial bankers attention.

If you cannot qualify traditionally, then hard money lenders can help you pull out some of your excess equity, but the interest rates will be higher than the bank rates and the loan-to-value will also be lower.

Keep in mind the people who own 2-4 unit building often have a hard time liquidating them as traditional home buyers are not interested.  

Unlike traditional homebuyers, investors aren’t looking for places to live or to raise their families – they’re looking for properties they can use to make a profit.

They want to refinance this into a traditional loan but.

Go to  a bank and get a traditional loan for 80% of its value through REFINANCING, which is 64K (80% x 80K).

I believe I would like to go with a larger reputable lender for my first time out but I have read that it is sometimes difficult to go the traditional mortgage route with mobile homes.

I believe I would like to go with a larger reputable lender for my first time out but I have read that it is sometimes difficult to go the traditional mortgage route with mobile homes.

The banks have become pretty good over the last few years at extracting maximum value for themselves out of these situations.So assuming traditional sale, not much meat on the bone on this deal.

I was not in a hurry, and they were difficult homes to sell with unique features.It sounds like 5% is the typical rate (It is a violation of the Sherman Anti-trust Act to say there is a going rate.) in your area, and you are offering less than the traditional 50-50 split for the buyers agent.If your market is red hot, you should be able to sell this property FSBO.