Mobile Home Financing option for an Owner Occupant in Texas
I am closing next week on the purchase of a double wide in East Texas next week from HUD. It is a 2007 5 Bedroom/3 Bath and just needs some minor fix up. It is on a FHA approved foundation, however the lot is small and in a crappy neighborhood
It would bring a much higher price if it was on 2-5 acres in the country. The issue is that once it has been moved it will not be eligible for FHA financing anymore which is the way most buyers would want to purchase in this price range. What other avenues have any of y'all found for financing for these buyers ? Vast majority are not going to have 20% down to go to a local bank and I am not interested in financing the deal myself