Seeking a lender who loans on MH's not on land - Posted by Jim

Posted by Keith (OH) on March 19, 2007 at 12:46:04:

Any chance 21st does non-owner occupied loans on mobiles ?

Keith

Seeking a lender who loans on MH’s not on land - Posted by Jim

Posted by Jim on March 18, 2007 at 22:42:07:

Hello MH folks,
I am here, because someone I know owns a MH, in a senior park. It’s a 1988 palm harbor double wide, 2000 sq/ft, 3 bed, 2 bath, and was remodeled with pretty much everything new…from siding, to flooring, fixtures etc.
These folks bought it with credit cards, and now that balances are there, the teaser rates from the cards are now higher of course.
So, anyone knows a lender who will lend on MH’s NOT on their own land, please forward contact info, post it here, however works.
The barrowers have good credit and income.

Thanks in advance,
Jim

Many banks loan on newer DWMHs - Posted by John Merchant

Posted by John Merchant on March 23, 2007 at 16:16:36:

I just got off the phone with a local banker and she said her bank likes and makes owner-occ loans on newer DWMHs.

Re: Seeking a lender who loans on MH’s not on land - Posted by David

Posted by David on March 22, 2007 at 18:38:00:

How much do they need to borrow? What state are they in? DMS7373@aol.com

Re: Seeking a lender who loans on MH’s not on land - Posted by Karl (Oh)

Posted by Karl (Oh) on March 19, 2007 at 07:51:08:

21st Mortgage, ph 800-955-0021, 21stmortgage.com

Karl