How difficult is it to get a mortgage for a used mobile home?
I am in the market to buy a newer mobile home and am hoping to finance the purchase with a loan from a bank or credit union.
My questions are:
1. How difficult is it to get a loan for a used mobile home?
2. What are the typical interest rates for mobile home mortgages?
3. How long of a mortgage will I be able to get? 15 years? 30 years?
My questions are:
1. How difficult is it to get a loan for a used mobile home?
2. What are the typical interest rates for mobile home mortgages?
3. How long of a mortgage will I be able to get? 15 years? 30 years?
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ASKER
skij,
Can you provide me with some website URLs where I can find good mobile home brokers?
Can you provide me with some website URLs where I can find good mobile home brokers?
What region are you looking in?
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Will you be owning the land?
I can give you some information depending, and also what county and what is the value of the home?
I can give you some information depending, and also what county and what is the value of the home?
ASKER
No I will be leasing or paying a monthly rent for the land within a mobile home park.
The county is Alameda county in California.
I will be purchasing the mobile home for $149,000 and the mobile home is probably worth a little over $200,000 since it was built and placed in this lot in 2003.
The county is Alameda county in California.
I will be purchasing the mobile home for $149,000 and the mobile home is probably worth a little over $200,000 since it was built and placed in this lot in 2003.
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