MOBILE HOME PURCHASE MONEY LOANS
Are you in the process of buying a MH and need financing? Maybe you have been renting the home and now you want to buy it?
Whatever your particular situation, there are a few things you need to know about purchase loans that are important to lenders and banks. Add to that the fact that the rules for manufactured housing are quite different than regular stick built homes and it is important that you know how to proceed to meet your needs.
What is a Purchase? That seems like a simple question to answer, and for the most part it is. If you are trying to buy a MH directly from a private seller, from a MH Dealer, or a through a realtor most people know that this is considered a purchase transaction. There are also other situations that would be considered a purchase from a lending perspective. For example:
- If you are currently renting the home and now want to buy it
- If you live in the MH, make all of the payments, but your name is not on the title or deed then putting it in your name would still constitute a purchase.
If you fall into any of these categories, please see one of the pages listed below for further info.
To Purchase a MH WITH the Land click here.