All Forum Posts by: Aaron Kinney

Just wanted to update this thread. I had heard to contact Triad Financial, US Bank, and CU Factory Built Lending. All three would make loans to owner occupants but declined to make loans to investors for mobile home and land properties.

I had an interesting discussion with the local credit union today and will pursue that further.

Ken Rishel, thanks for your help. I was afraid that 21st would be the only possible bank lender. Oh well, this will force me to get better at raising private money.

Hello,

I have been a long time reader but this is my first post. Anyway, just wanted to ask if anybody is finding financing for mobile home with land properties.

I have called 30 to 40 of the national and local banks in my area but nobody seems to have an appetite for making loans on these properties to investors. 21st mortgage told me that they would make the loans but after filling out the application, I was denied.

We (my dad and I) have financed our first 12 properties using various personal lines of credit but can see that the end is near at least until some time passes. I have begun to seek alternative financing (private money) but just wondering what you are seeing in your market.