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Will it be difficult to finance a 1975 double wide with expando in a leased mobile home park?

April 26, 2017difficult double Finance leased Mobile home park wide

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Will it be difficult to finance a 1975 double wide with expando in a leased mobile home park?

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The age of the unit is a large stumbling block. Financing a mobile in a park is like buying a car. The older the unit the harder it is to obtain financing- and the interest rates are very high. The cut-off in general is 1978- the year that FHA will begin to finance a mobile that is attached to land. Your best best is first- owner financing and then 2nd search the local credit unions or smaller charter type banks. I think you will find someone willing to lend but it will be costly!