Mobile home owners are commonly denied the ability to finance their home due to mortgage loan restrictions on mobile homes in parks. At Manufactured Home.
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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. These loans are technically personal property loans, not real estate loans.
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Find companies offering single wide mobile home loans for manufactured homes on owned and leased land at PriceAMortgage.com.
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Your Fast & Easy Financing Partner For Mobile Home Loans In Washington. Just a few moments of your time could save you thousands of dollars in mobile home financing charges on your mortgage. To begin finding the best manufactured home loan programs and options for you, please give us a call at (800) 238-9202 or fill out our online application.
Florida Mobile Home Financing Loans – Chattel Mortgage – The majority of our Florida customers live in mobile home parks and/or manufactured home communities, where the land is leased or rented.
Leased-land properties are often better than apartment living for children and pets, and you can invest the money that leasing saves you. Buyers can live in a high-priced location they could not.
First Credit corporation offers financing & Insurance for mobile and manufactured homes in New England, California, Pennsylvania, New York and Rhode Island.. We are one of the leading originators, in our market, of loans for the purchase of Mobile or Manufactured Homes in land-lease.
Typically those stationed at a mobile home park, on leased land, family land, or other locations will likely have a separate mortgage or fees for the land.
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.