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Mortgage Brokers & Lenders

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Zacharee Carmack
4
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17
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Need a special type of Lending

Zacharee Carmack
Posted Mar 30 2023, 17:17

Hello,

Currently looking for a lender who can lend on a single wide mobile home and land. This loan would be as a second and/or investment property in NC. From my understanding is Fannie/Freddy only allows lending on single wide if it is a primary residence. 

Anyone have any programs that could solve this problem?

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34
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Chris Schwagerl
  • Rental Property Investor
  • Minneapolis, MN
22
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34
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Chris Schwagerl
  • Rental Property Investor
  • Minneapolis, MN
Replied Mar 30 2023, 19:17

Cool project.

For specialized lending in 1-4 residential, I give Stephanie Riley a call.

https://www.usamortgage.com/mo...

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Erik Estrada
Lender
  • Lender
825
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2,748
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Erik Estrada
Lender
  • Lender
Replied Mar 31 2023, 17:22
Quote from @Zacharee Carmack:

Hello,

Currently looking for a lender who can lend on a single wide mobile home and land. This loan would be as a second and/or investment property in NC. From my understanding is Fannie/Freddy only allows lending on single wide if it is a primary residence. 

Anyone have any programs that could solve this problem?

What is the purchase price? There's a 65% LTV DSCR program that can do mobile homes

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17
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4
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Zacharee Carmack
4
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17
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Zacharee Carmack
Replied Mar 31 2023, 17:35

110 as of right now. Trying to find financing before negotiating.