Mobile home lenders

Mobile Home Park Investing
2yFollow

Mobile home lenders

Alan Tripp
Rental Property Investor · Winston Salem, NC · Member since 2020 · 22 posts · 4 votes

What banks will do an investment property loan on a double mobile home on a permanent foundation.?

Thanks Alan

1Reply
48 views

Most Popular Reply

Armando Carrera
Member since 2023 · 85 posts · 51 votes
2y
Quote from @Alan Tripp:

What banks will do an investment property loan on a double mobile home on a permanent foundation.?

Thanks Alan


 Hi Alan,

Look into 21st Mortgage. Theyre the larges MH lender in the country and offer the most competitive rates. Theyre based out of Tennessee. 

Ive done plenty of deals with them both chattel and homes on permanent foundation.

Hope this helps!

1Reply
See this reply in the discussion

6 Replies

Jump to latestLatest
  • Myles Mannino
    Member since 2023 · 21 posts · 7 votes
    2y

    @Alan Tripp are you looking for a loan on the land and home or just the home?

    0Reply
  • Alan Tripp
    OP
    Rental Property Investor · Winston Salem, NC · Member since 2020 · 22 posts · 4 votes
    2y
    Quote from @Myles Mannino:

    @Alan Tripp are you looking for a loan on the land and home or just the home?


    Land and home , just like a regular SFH

    0Reply
  • Armando Carrera
    Member since 2023 · 85 posts · 51 votes
    2y
    Quote from @Alan Tripp:

    What banks will do an investment property loan on a double mobile home on a permanent foundation.?

    Thanks Alan


     Hi Alan,

    Look into 21st Mortgage. Theyre the larges MH lender in the country and offer the most competitive rates. Theyre based out of Tennessee. 

    Ive done plenty of deals with them both chattel and homes on permanent foundation.

    Hope this helps!

    1Reply
  • Alan Tripp
    OP
    Rental Property Investor · Winston Salem, NC · Member since 2020 · 22 posts · 4 votes
    2y

    Awesome thanks

    0Reply
  • Rachel H.
    San Antonio, TX · Member since 2009 · 3k+ posts · 1k+ votes
    2y

    @Alan Tripp You may want to check with your local manufactured housing association and talk to mobile home dealerships in the area. I've found both to be good sources of information for market insight and referrals. 

    At the top of my head, I can think of 21st Mortgage Corporation and Vanderbuilt Mortgage as two lenders who may be able to assist. 

    Hope that helps! 

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    13h

    Hey Alan,

    There are a few DSCR lenders that offer financing for Manufactured Homes. Happy to chat!

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free