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Company Loan Type APR Est. Pmt.

Modular Home

Posted on: 04th Dec, 2009 12:16 pm
Is any bank making 30 year fixed loans on modular homes?

LTV is good, credit is good, and income can be documented
i know usbank in south dakota will lend on modulars, but they've got to be affixed to land. you can try them.
Posted on: 04th Dec, 2009 02:42 pm
actually, they only do wholesale deals, so you may get switched around a bit on the phone and not likely to find anything online. it's not a certainty that whoever you speak with in a "mortgage department" for example, would know what you're talking about.
Posted on: 04th Dec, 2009 02:43 pm
reverse mortgages can be used to refinance modular homes for those 62 and older. they have fixed rates available that are fixed for the entire time the the homeowner is in the home.
Posted on: 05th Dec, 2009 12:39 pm
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