203k rehab loan for maunfactured home
I'm in Oregon and looking to buy aprox 5 acres with a 1994 double wide manufactured home and shop on it. It's a bank owned property that is cash or rehab loan only. I found that there is a 203k rehab loan for manufactured homes on real land. The offer would be a max of 225 with aprox 50% down. I can't find anyone willing to talk to me about a loan. I've called all over and have found nothing. Any help is appreciated
There seems to be an easy solution here, but to my knowledge the 203k doesn't allow manufactured homes. The easiest thing to do might be putting less down to keep more in your pocket for the rehab, and financing more in the loan... which is basically what the rehab loan would do for you. If you want to talk more about it, give me a buzz. 503 709 9399
Hans Bruhner (Hans Bruhner)
#132 ranked lender in California - 125 contributions
I can help you with that and I am licensed in Oregon. I am in California and work for Finance of America Mortgage. You can call me at (866) 385-1650
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