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I have a mobile home I own but not land can you still get a loan against it?

by ksgaulke857 from , California. Oct 10th 2017 Reply

Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,054 contributions

Yes, no, and maybe. Traditional loans like FHA, VA, USDA, Fannie Mae and Freddie Mac basically don't offer loans where you don't own the land (like in a park). You generally have to go with specialty mobile home lenders for this type of loan.

Oct 10th 2017
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Possibly, but it wouldn't be classified as a mortgage.. For a mortgage, you need to own the land and the home must be architecturally attached to be considered "real property".. Try looking for mobile home lenders or ask your neighbors who they are financed with.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Oct 11th 2017
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