Posted on: 10th May, 2010 06:59 pm
i have found a 2200 sq ft manufactered home with 47 acres for $250,000. what is the maximum amount a mortgage company will loan on this and for how long will they finance it for?... i need to know how much a mortgage company will loan on a 2200sq ft manufactured home with 47 acres
Hi tammie!
Welcome to forums!
The loan amount will depend upon the value of the property. The said property will be appraised and depending upon the appraised value, you will be able to get a loan. You will have to contact a lender and get pre-approved for the loan. The lender will be able to let you know how much loan you would be able to get for the said property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The loan amount will depend upon the value of the property. The said property will be appraised and depending upon the appraised value, you will be able to get a loan. You will have to contact a lender and get pre-approved for the loan. The lender will be able to let you know how much loan you would be able to get for the said property.
Feel free to ask if you've further queries.
Sussane