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Updated 6 months ago on . Most recent reply

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7
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Dwight Threet
  • Involved In Real Estate
  • Hope Mills, NC
4
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Manufactured home refinance

Dwight Threet
  • Involved In Real Estate
  • Hope Mills, NC
Posted

I am striking out finding a lender in NC who will refinance manufactured homes that are investment properties.  If you have a lender please share their information.

Most Popular Reply

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11,670
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Drew Sygit
  • Property Manager
  • Royal Oak, MI
8,355
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11,670
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Drew Sygit
  • Property Manager
  • Royal Oak, MI
Replied
Quote from @Erik Estrada:
Quote from @Drew Sygit:

Uhm, everyone responding may want to elaborate if they are lending on:

Manufactured homes permanently tied to the lot they are on (like a stick-built house)

or

a manufactured home on a rental lot in a park


 Typically most lenders will lend on manufactured homes fixed to permanent foundation and declared as real property. It will be challenging to finance the home if it is moveable and considered personal property. 

 I know that!

But no one was making sure @Dwight Threet knows that!

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