Pre 1976 Mobile Home Financing. National lenders typically won t finance pre 1976 mobile homes he says. As manufactured homes features and quality are starting to improve lenders are beginning to recognize that alternative housing and manufactured homes is rising in popularity because of the shortage of affordable housing in the country.
Log in or sign up to reply. Generally a mobile home of pre hud code vintage is only worth what you can get someone to pay for it and that number may be more or less than its estimated value depending where and how sited condition of home how many interested buyers are out there and. Equity loan programs are available for applicants scoring less than 575 with a minimum 35.
Financing a manufactured home.
Chattel loans for homes this old are very difficult to find. Maximum loan amounts are up to 50 000 but can be. California mobile home loans and manufactured home loan specialists. Loan to value ratio is calculated by dividing the sum of the home land and land improvements minus the down payment trade in allowance and other credits by the sum of the value of the home land and land improvements.