Good Afternoon,
When you purchase a new mobile/manufactured home the sales companies use several lenders (that I know-if there is more I would like to know the names) to finance a land and home package.
These are the lenders that I have dealt with: Cascade Financial Services, E-lend, Triad Financial Services, 21st Mortgage and Vanderbilt Mortgage.
There are lenders who will finance a resale of a double wide mobile/manufactured home. All of the above mentioned will lend on resale homes.. however very few lenders will lend on a single wide resale.
If you are thinking of selling a single wide, have your realtor check for a lender that can do the loan. If a buyer has no idea who to use, then your realtor can suggest a lender.
A few of the mobile/manufactured home companies have a salesperson that is also a licensed agent and can find land for the home. Those that dont usually have a realter that they refer the buyer to. That realtor will only write a real estate contract for the land.
Normally lenders can do FHA, Conventional, VA loans. There are a select few that can do a USDA loan on a mobile/manufactured with land.
Thank you for taking the time to read my blog. Ill be glad to answer any questions and assist you if I can.
I want to help educate everyone about real estate.
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Until next time, stay cool!
Successfully Yours,
Pattie Reeves, Realtor, C21 Realty Partners
Lic 0455171