financing MHP - Posted by D.Vest

Posted by gary on April 14, 2004 at 23:02:49:

Probally any local bank as long as you have adequate equity. I know there have been alot of posts regarding banks not wanting to finance parks but I patronize a bank that has had good experience with them. I have 4 parks with them now. I have never figured the reasoning that single family homes are a banks best real estate risk, if someone hiccups be it divorce, job loss, whatever, the bank has a problem. I’ve never seen a sfh make a dime yet with a mortgagee in it.

financing MHP - Posted by D.Vest

Posted by D.Vest on April 14, 2004 at 10:20:20:

I currently own a small, old MHP. I bought it last year and it is owner financed. I am now trying to find a lender to finance me. Any ideas who would finance an old MHP in PA?