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Updated almost 6 years ago on . Most recent reply

Debra A.'s profile image
Debra A.'s profile image
Debra A.
  • Lender
  • from Austin, TX
  • Member since Feb 20, 2018
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Debra A.'s profile image
Debra A.'s profile image
Debra A.
  • Lender
  • from Austin, TX
  • Member since Feb 20, 2018
Connect
Debra A.
  • Lender
  • Austin, TX
28
Votes |
110
Posts
Private Lending & Conventional Mortgage Advice

Mortgage Options for Homes on Land Lease?

Debra A.
  • Lender
  • Austin, TX
Posted

I just spoke with a borrower, and she is trying to refinance her home in NY. It's a manufactured home on a permanent foundation, but it's on a land lease. She has a mortgage on it right now. Does anyone know of any Lenders before I go digging around, that will allow such a transaction? 

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Debra A.'s profile image
Debra A.'s profile image
Debra A.
  • Lender
  • from Austin, TX
  • Member since Feb 20, 2018
Connect

User Stats

110
Posts
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Debra A.'s profile image
Debra A.'s profile image
Debra A.
  • Lender
  • from Austin, TX
  • Member since Feb 20, 2018
Connect
Debra A.
  • Lender
  • Austin, TX
28
Votes |
110
Posts
Debra A.
  • Lender
  • Austin, TX
Replied

I actually found a lender who would do it...but the rates were in the 7's so it wouldn't even make sense for her to do anything! Sorry for the delay on this post, I did not see your response til now. Thanks for your response! 

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