CT mobile home loan taken as mortgage??

Hi Jeff.

Welcome to the forum.

Mobile home loan is also a kind of mortgage loan backed by the mobile home but there are certain requirements to get approved for a mobile home like the mobile home should have permanent foundation, it must be your principal residence etc. If you want to know more about it at http://www.mortgagefit.com/mobile-homeloan.html

Hope it helps.

Feel free to ask if you have any further questions.

Best of luck,
Larry

Financing through mortgage channels will be somewhat limited. The home needs to be permanantly attached to the land to be considered real estate. Not many will do them as real estate when it is in a community park.

Your best bet is to contact the manufacturer, assuming you are looking at a new home, and see what resources they have for financing.
If you are looking at moving a home from somewhere else a local bank may be the way to go.


Good Luck
Brian

there are several mobile home parks in the state - you noted that the lot is in a mobile home community and that leads me to believe that you'd be buying in a community that probably finances mobile homes also. they do exist. you didn't say what part of ct you're in, but you'll find that for the most part you won't be able to obtain a standard mortgage, but will have to finance through a dealer or a few selected lenders that might finance mobile homes.

i am not one of those who does, unfortunately; and frankly, i don't know of anyone else who does. check with the park owner..check with the unit owner...check online or in the yellow pages as well.