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Posted over 4 years ago

Getting Financing For A Mobile Home

If you need financing to purchase a mobile home in a park your options will be limited to only 2 banks that I am aware of at the time of this post.
1- 21st century mortgage, they will offer financing for homes in a park on rented land but you will need about 30% down for them to do the financing.
2- Vanderbilt mortgage, I am not aware of any of their requirements but I know they will finance the homes in parks.
Some states will allow you to cancel the title if its attached to land , this will make financing much easier and you will be able to use conventional banks.
If you must borrow money to purchase a home remember to invest wisely and do not over leverage.

happy investing 



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