Mobile Home Financing and Finance. – eslintl.com – Loans to buy a mobile home without the land. We finance singlewide and doublewide homes in mobile home parks, on leased lots, family land and in most any situation where the home will not be deeded as real property. Many times this includes families who wish to buy a manufactured house and place it on their land until they can build their dream home later on.
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Which banks may finance manufactured homes? – Mortgagefit – There are many banks and lenders who can finance your mobile home. But your qualification for the loan depends on a number of factors. How old is the mobile home that you want to purchase? does it need any repair? does it have a permanent foundation? What is your credit score?
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Wells Fargo specializes in financing Manufactured Home Communities ("MHC"), offering various flexible lending programs to meet your needs. Our experience and dedication to this industry has made Wells Fargo a nationwide leader in MHC financing for more than 15 years.
Trying to get a loan for a mobile home? You may be surprised to learn there are financing options available for non-single-family residence houses.
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5 Things You Should Know About Manufactured Home Financing – But if you have a chattel loan, the typical repayment period is 15 to 20 years. 3. Some lenders have a 15-year rule. The financing rules for manufactured homes vary widely from bank to bank, hence the importance of comparison shopping. With a site built home, a bank will lend money regardless of the property’s age.
Mobile homes also tend to be less expensive to maintain, have lower utility costs and often have lower repair costs when compared to stick built homes. general Information on Double Wide Mobile Homes. A double wide mobile home is a prefabricated home that is typically at least 20 feet wide and no more than 90 feet long.