Posted on: 01st Feb, 2011 06:24 am
I am currently renting a mobile home on .75 acre tract of land from some relatives. It is around a 1970 model and has been added onto including a living room, laundry room, back porch and wooded front deck. My question is, is there a way to get a mortgage on this place? My credit is good and I have a good job. What are your opions? Thank you.
Hi Guest,
Mobile homes which are build before 1976 do not qualify for loans. Thus, you won't be able to get a mortgage for the property.
Take care.
Mobile homes which are build before 1976 do not qualify for loans. Thus, you won't be able to get a mortgage for the property.
Take care.