Specialist · Newberg, OR · Member since 2009 · 93 posts · 71 votes
Hello all,
Does anyone know of any conventional financing sources or specific banks that will financing manufactured homes on real property for non-owner occupant/investors? Conventional or FHA, owner occupant loans are readily available if the homes meet their criteria, but I'm running into a wall on non-owner occupied loans for the same product. Acquisition loans, and even better the possibility of cash out refi investor financing would be awesome. On the cash out it would be a performing rental property. Any direction or resources would be helpful.
@Ben Nelson you just have to talk to more lenders in your area. This will be a community or regional bank. Don't waste your time with Chase, Wells Fargo, or B of A. Also consider other sources of cash that you may have such as 401K loans, HELOC, or even sell some non-performing assets like jet skis or Harleys. Good luck.