How can I get financing for a used singlewide?

How can I get financing for a used singlewide?

I am going to build a house in 2 years but am looking for a used singlewide to put on the property and live in until the house is built (2-3 years total). I then want to move the singlewide to another lot and rent it. Right now my Fico is only 601. Does anyone know if this is possible? The land is clear and there has never been a home there so I will need septic, water,electric as well. The singlewides I have looked at are around 25k but I can'-t find a dealer who will finance a used home. I am in NC if that helps.


First off make sure you can even put a single wide on that property. Some counties have a certain size u can even put on it. Call your bank and ask them if they can help you find a place that will finace you . I work at a bank and the loan officer should be able to tell you some places to go . You could always try and add 25 grand to your loan for your house ( if you have a loan for the building funds) .


This is a tricky situation, but it sounds like you will need to get automobile financing.Traditional mortgage financing requires:1. property be permanently affixed to property through permant foundation2. Doublewide preferred (FHA will do singlewides though and it's a pain)3. Manufactured home built after JUNE 15, 1976 --- very, very important date. I can not emphasize this more, it is the difference in classification between a mobile and manufactured home4. All wheels and axels must be removed5. Private/connected utilities and septic/sewerAnother aspect for mobiles is to consider with age is if the singlewide is over 29 years old. This will affect the amount of insurance you will be able to obtain which might not jive with lender requirements. Insurance Co's depreciate mobiles after 29 years.Personally, I don't touch singlewides... they are too much work/difficult to get financing for. But if you are purchasing one that isn't on the property already... yeah, it sounds like you will have to get auto financing. Go to a auto dealership finance department, they might be able to help...Source(s):Me, I'm a lender in FL who finances mobile homes...Here's my newest RE hobby about 1031 exchanges too: soon to be (testing it now)



Popular Q&A

Bc no one wants to say McWeinerThe right bc most people are right handed?he doesn't have oneIt makes the patient more comfortableUm on there finger, i guessYes it is still a felonyBc it's not available in all states duhThat is a very good question lol. I guess you'd burn up before you even...

What countries have gender equality for auto insurance rates?
There are some provinces of Canada that have crown corporations that provide mandatory coverage. These crown corporations are not allowed to use gender in determining rates. However that is in a few provinces, and not something that is practiced nation wide. Gender as a rating factor has been...

Where can I get car insurance in Colorado (during the wildfires)?
Go to a local insurance company office staffed by full time professionals to get an insurance quote.."E" insurance is the same as talking to a robot or a mindless voice on the telephone. deal with real people and real insurance companies.

Can you have your SR22 insurance with a different insurance from you auto insurance?
Yup, that's fine. You just have to have them. However, it is a bit odd and sounds like you need to check into your policies carefully. Most people use SR22 as their auto insurance...

How Much Would I have to pay to obtain General Liability insurance for roofing?
Talk to a local insurance agent- he/she can help you out a lot. In addition to giving you an idea of the premium you would need to pay they will have a lot of contacts in the community to figure out your licensing issues as well. Start with the agent you are currently getting your personal...