Posted on: 03rd Aug, 2010 09:43 am
I just bought a new mh and my dad went to bank and got the money which was paid off to the mh company. I have 5 acres of land and the mh. I survey 1 acre and mh to put up at the bank where I told them I want a 15 year fixed rate mortage and they had no problem with it when we got the money. Now they are telling me they can't finance a mh through mortgage and we will have to do a 7% loan with 3 year baloons which we don't want. The appraisal on the 1 acre and mh was $75,000. Can you help or recommend a company. It is my son's first home and he has excellent credit but he don't want to get into a situaiton where it baloons to the payment is unafordable.
By ''mh'' do you mean mobile home or manufactured home?
If mobile home you won't find many other options.
If mobile home you won't find many other options.