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Mobile home and land loan, need advice

I want to purchase an investment property as a non-owner occupied manufactured home. Can i roll the cost of the manufactured home in with the cost of the land it sits on? Any advice on how to maximize my investment would be appreciated. Thank you! by william.mc22844 from Costa Mesa, California. Aug 21st 2015 Reply

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

It's unlikely you will find any lender out there willing to finance a non-owner occupied investment manufactured home.. If you do end up finding one, it wont be a "Conforming" type loan.. probably hard money or portfolio loan, which will mean much higher interest rate, higher costs and lower loan to values (larger down payment requirements). Understand that MFH's represent the greatest risk for a lender.. when the market is declining, MFH's are the first property type to go down in value.. conversely, when the market improves, they are the last property type of increase in value.. Lenders are very aware of this, and for this reason, most wont even lend on MFH's let alone do an investor MFH... As a nearly 30 year real estate investor, I have purchased only 4 MFH's over this time span, and vowed never to own another one.. I'm not sure what the market is like in Costa Mesa, but if it's anything like metro Phoenix, i would ditch the idea of buying a MFH. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 NMLS# 226347

Aug 21st 2015
Jamie Lynne (nationwidelenderforyou)
#139 ranked lender in Texas - 576 contributions

Like William said rates are going to be higher but we offer NOO AKA investment loans on manufactured homes. Feel free to contact us at 800 315 8803, 7 days a week or visit

Aug 24th 2015
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