Why is it so hard to find lenders that will do a loan on manufactured home?

The risk is considered greater than for a standard built home in most cases. It is the highest level of risk if it is on rental property, no permanent foundation, and the occupants own only the manufactured home and not the land underneath it. If you have a perm. foundation and pay property taxes directly yourself per ownership of the home and the land then it is not so difficult for you to secure a loan. Otherwise for manufactured or mobile homes with no permanent foundation you needed to seek specialty loans from far fewer lenders. Most manufactured & mobile home sellers can give you some recommendations.

Is the MFH on land or in a park?

I have been lending on manufactured homes nationwide since 1989. As long as you own the land and the home will be affixed to a permanent foundation prior to closing, we should be able to assist you. Feel free to contact me at 800 315 8803.