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I want to get a $6,000 loan against my manufactured home but 1500 of that will go to pay off my manufactured home can I get a loan

by 75panama75974 from , Washington. Mar 9th 2018 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,455 contributions

It's possible, but more info needed.. First, MFH's by themselves do not qualify for "Mortgage" financing.. in order to qualify for a mortgage, the home must be on land owned by you and the property must be architecturally attached, and an affidavit of affixture must be filed with the county. If this is not the case, then you need to seek out a different source for financing.. However if your home does meet the above referenced guidelines, then you can contact any local bank or mortgage company and apply for a mortgage.. however, because of the low loan amount, you might have a hard time finding anyone.. lending guidelines make's it difficult for the lender to profit on a loan this small.. this is why most have minimum loan amounts of $50K to $100K. 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 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Mar 9th 2018
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