DSCR Loan on a Manufactured Home

[Jefferson Black]

Hello! I've seen a lot of people ask questions regarding loans on manufactured homes, but I didn't quite find what I was looking for when searching. I have a double-wide manufactured home on about 5 acres in CO, and I own it outright. I just finished remodeling it, and I want to take out a loan against it. Comps put it around $500k. I know there are issues with financing manufactured homes, but I have a lot of equity. If I can't use it, I'd rather sell the property. Are there any ways to use the equity that don't have brutal rates? Thanks!

[Erik Estrada]

Quote from @Jefferson Black:

Quote from @Dave Skow:

@Jefferson Black- thanks ..based on the post I am not sure if the MH is your primary home or an investmenet property ?? if its an investmenet property - there are not many ( if any) lenders doing regular or DSCR loans on rental MH homes

 Sorry for the confusion. It's an investment property.

You can finance manufactured homes with a DSCR loan. the max LTV is 65% for both purchase and refinance. It also cannot be on a land lease.