Do lenders and credit companies consider owning a mobile home as owning your own home if it’s not on a plot of land you own? Would that be considered renting instead of owning if you live in a trailer park? Thank you.
Home Loan
I am interested in buying a modular (not mobile) home. I am going to get a USDA direct loan and I don’t know the process. I have already been pre-qualified for around 5,000. I stil have to submit my application. Do I look for the home and land before I get approved for the loan [...]
Are there any advantages to living in a mobile home? I have never lived in one and am curious. From what I’ve read, they lose in value over the years. So, what could the advantages be to living in a mobile home?
Also, why don’t lenders like to do loans on mobile homes?s it because they [...]
Own the land , mobile is on a permanent foundation
We are buying a manufactured home in a wonderful upscale gated leased/lot community in Southern California. Which lender offers the lowest rates for this type of buy?
there are additions on sides & home is attached to real property and cannot be went without severe hurt to structure.how can i get a new title to satisfy lender for refinancing in state of fla?
Iam researching a piece of real estate that I am partners in purchasing rights.But I believe certain legal description info has been smudged and re-pressed.Iam 2500 m iles away and doing the transaction from afar with only faxed papers- runarounds and no live feed or recent dated images of the place.Now all paperwork signed-insurance [...]
My husband and I were pre-approved for a FHA loan on a manufactured home through that company’s lender. But after researching, we reckon a site built home will be better in the long run. We went to Wells Fargo since that is where we bank. Currently the FHA loan is in underwriting. Since we were [...]
I’m not looking for lenders, but the people who make the mobile homes or manufacturer of these homes.
I have found property in WA state that I want to buy. The thought behind the buy is to build a cabin in a few years. The land does not qualify for a "lot loan" because there is a mobile home on the property. Additionally, it does not qualify for a traditional [...]
