Posted on: 30th Oct, 2010 05:19 am
We are looking to purchase a 10 acre property that has a mobile home (on a slab foundation). At the present time, this would not be our primary residence. We currently have a home with an FHA mortgage in town that we are planning to remain in for the next 1 to 2 years. Our purpose in purchasing this property is to build a home and we want the option to do whatever we want with the mobile home once the financing is obtained..i.e. move it to a mobile home park and rent it out or sell it out right. What would be the best type of financing for us?
Welcome celmore,
You can go for a mobile home loan if you meet the required criteria of the lender. You should contact the local lenders and apply for a mortgage. The lender will check your financial situation and let you know whether or not you'll be able to qualify for a loan.
You can go for a mobile home loan if you meet the required criteria of the lender. You should contact the local lenders and apply for a mortgage. The lender will check your financial situation and let you know whether or not you'll be able to qualify for a loan.