who does investment loans on manufactured homes in Utah?

who does investment loans on manufactured homes in Utah?

Investor · Moab, UT · Member since 2016 · 101 posts · 27 votes
I am looking at buying a property in Moab. However is a manufactured home which usually need to be a primary residence to get a loan. I could go the commercial route, but interest rates tend to be higher. Does anybody have any suggestions? I already have five long-term rentals and two short-term rentals that have a proven track record. Plus my primary residence. Thanks for any input :-)
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  • Broker · Logan, UT · Member since 2013 · 1k+ posts · 1k+ votes
    9y

    Try Washington Federal.

  • Investor · Moab, UT · Member since 2016 · 101 posts · 27 votes
    9y

    I will call them tomorrow.  Thanks!

  • Panaca, NV · Member since 2017 · 7 posts · 0 votes
    9y

    @Megan Arzt I would like hear what you find I have to small vacant properties that the area will not support a stick built home but think I could get better cashflow if I went modular/mobile home on them. I'm also going to be looking into it more tomorrow

  • Investor · Moab, UT · Member since 2016 · 101 posts · 27 votes
    9y

    @BJ Whitney....Washington Federal can only loan on manufactured homes 15 years or newer....  The one I'm under contract for is from 1995.

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