Loan approval - single wide mobile homes
Hi everyone,
So I am trying to find a Texas lender that can approve loans for single-wide mobile home (it has not been moved from its previous placement). If you all have an idea of how to find a lender who works with mobile homes, please let me know!
thank you in advance.
Hi @Javier Rubio, I might have a referral for you.
Let's connect so we can exchange information.
#2 Mobile Home Park Investing Contributor
- San Antonio, TX
@Javier Rubio You may want to check with a few mobile home dealerships since they're in the business. In the past, I've found them to be good sources of information for market insight and referrals.
Also, you can try talking to local banks and credit unions in the area. See if they can offer any options. Other than that, you can look into private lenders and/or bringing a partner in on the deal.
Hope that helps!
is it permanently fixed?
My questions would be is it for investment purposes or primary residence? Investment you will have a hard time outside of hard money and very few lending on these type of properties as you might be finding out.
There are options and companies that handle this type of financing. There are certain conditions that are applicable but, it can be done.
Tracy Tippett