Non conforming loan help

[Shannon W.]

Hey there 

My husband and I found a property we would like to buy and build on. The property has two manufactured homes on it, and banks won't touch it. Our plan was to buy with little down,  live in one unit and start construction on of a permanent residence.  However the banks are not allowing is to get approved because of the second manufactured home. 

Any ideas?

[Andrew Johnson]

Shannon W. Have you tried local/regional banks? Some of them are more flexible than the "majors" but you might get hooked into a full-resource loan and they might be more stringent on your personal financial situation as they often hold the note themselves.