Suggestion for mobile home loan?

We are currently looking for a company that will grant a loan to someone with good credit on a mobil home for 15000. I am coming up short with options. Seems like nobody wants to lend that little

Suggestion for mobile home loan?

Don%26#039;t go to those in here spamming for business.

With internet lenders, that loan is not enough to be worth their time, so if you are looking there, stop.

It sounds like this is a MH in a park, and these can be tough to get financed. Try local credit unions or where you bank locally, but expect to pay 10% - 12% interest rate.

YOu may be better off obtaining a personal loan rather than try to get the MH financed.

Good luck, love the av.

Suggestion for mobile home loan?

The first option you have is the company that is selling the mobil home, or the mobil home park in which you will reside. They generally will have several lenders which would be interested. If you decide to go for conventional financing, note that, due to the better chance of a mobil home being damaged by weather, etc., most banks and lending institutions will not lend more than a 50% equity stake.

Suggestion for mobile home loan?

A google search on %26quot;mobile home financing%26quot; turned up lots of possibilities though I can%26#039;t vouch for any of them. If you%26#039;re buying a new home, the dealer should offer financing. Be careful not to get an adjustable rate loan, though, as some dealers push. Get a fixed-rate loan. If you do get a mobile home, try Foremost for insurance. It%26#039;s now a part of Farmer%26#039;s and sold by their agents. Good luck.