Need a special type of Lending
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?
Cool project.
For specialized lending in 1-4 residential, I give Stephanie Riley a call.
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
110 as of right now. Trying to find financing before negotiating.