financing older mobile homes

Wells Fargo specializes in financing Manufactured Home Communities ("MHC"), offering various flexible lending programs to meet your needs. Our experience and dedication to this industry has made Wells Fargo a nationwide leader in MHC financing for more than 15 years.

The Best Manufactured Home Financing. Mobile Homes – Community Chattel financing portfolio land home options The Cascade Difference. When it comes to financing manufactured homes, Cascade is one of the top rated manufactured home financing companies in the country. We have a long history of customer satisfaction and offer financing for manufactured and modular homes in 35 states.

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Mobile Home Loans & Financing | Manufactured Home Loans. – Our manufactured and mobile home loan programs include: Fixed rates; No pre-payment penalties; No land required; Financing for homes located within a Park or Community; Financing for new and used manufactured homes; Permanent or nonpermanent foundations; Primary, Secondary, Investment, and "Buy-For" (purchase for someone else)

Should You Buy an Older Mobile Home and Remodel It? – You absolutely should buy an older mobile home and remodel it if you can find a home with a sound structure and you can do some of the updates yourself. If you like the idea of living debt-free eventually you should absolutely consider buying an older mobile home and remodeling it as your budget allows.

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Mobile Home Financing Programs & Guidelines – MOBILE HOME FINANCING PROGRAMS & GUIDELINES. Then it’s up to you to make the decision. We are open from 7:00 AM – 7:00 PM PST, Monday through Friday, and on Saturdays 8:00 AM – 3:00 PM PST. You can reach us toll free at (866) 967-0143. Below we have outlined our basic requirements and guidelines to better assist you.

A mobile or manufactured home not permanently affixed in some way to the land beneath it is considered personal property. Lenders don’t mind extending long-term mortgage loans on land and homes.

Manufactured Home Loans – NLC Loans – Manufactured home owners are commonly denied the ability to finance their homes due to mortgage loan restrictions on manufactured housing units. At NLC .

Mobile Homes with Land Buying Contracts Chattel loans are often used for mobile and manufactured homes when the home is going into a park or manufactured home community. A chattel loan is a home-only loan, as opposed to a loan for the home and land together.

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Few real estate lenders will finance mobile homes built before 1976. Manufactured housing must be taxed as real estate and placed on a proper foundation to qualify for a mortgage. Mobile homes tend to depreciate like vehicles, not increase like traditional housing.