I have a client that wants to purchase an older manufactured home, will you be able to finance it?

If it is not a manufactured home built after 1976 and with a permanent foundation, but rather one that is truly mobile or obviously in a mobile home park wherein space is rented, your client needs to be qualified for that type of loan. It tends to be a relatively high rate but if the home purchase is a much lower price then the average home purchased in California the payment may be low enough for the borrower. My suggestion is to contact or have borrower contact mobile home sales companies in California and ask them for lenders since they need them to sell their homes.

More info needed.. First, unless the MFH is a 1976 or newer, it will not qualify for any conforming type of financing.. 2nd, if the home is not architecturally attached to the property, then it's not really considered "Real Property".. in which case, it wont qualify for conforming financing. Lot size compared to other comparable properties can sometimes be a problem as well.. if this home sits on 40 acres, and everything else in the area is on 2 acres.. it's a problem.. etc, etc, etc.. Regardless, if the home does qualify for financing, understand that there are very few lenders out there that do MFH's.. If you want, you can give me a call and i'd be happy to look into the property a bit more to see if there's a possibility.. i have several sources for MFH's.. I'm a preferred Lender with Arizona and California 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