I was contacted about a month ago, I will check to see if I still have his information.

Thanks Katharine, that would be SUPER!!! I'm at a loss with this! I knew someone would still do these types of loans!!

My name is Fred Chinske and I am a LO for CTX Mortgage in Dallas TX. We are doing Mobile Homes if it is a Double Wide and the Borrower has a FICO of at least 600. Let me know if I can help...

 Thanks

Fred

If you are signed up to do VA you can get signed up right away for USDA

Call Jay Johnson at 704-777-1497; Not only can we still do Mobile Homes but we can do them as Rural or FHA. Let me know!

The only people I know require it to be a double wide min. and attached.  Title needs to be eliminated and it has to be built before 1979 i think.  If you signed up FHA you can go that route as well.

if it is on a permanent foundation you can do them Rural or FHA, must be a doublewide and I think built after 1986. Call me if you need an expert!

FHA and VA are the best for manufactured homes with most private lenders leaving the market several years ago.  Also, some local banks and credit unions who have the ability to hold the loan in portfolio will also do them.  The major stumbling block with FHA is the foundation engineering inspection which can be both costly and delaying. 

The abandonment of this segment of the market has devastated the values of manufactured homes which make up a good percentage of the housing in my market area.  Many dealers and even some manufacturers are going out of business due to lack of financing options.

Hello Abbie,

Flagstar, Countrywide and CNB National Lending are still doing mobiles.

Hopes this helps.

Northpointe Lending does mobile homes.  However, their geographic reach is somewhat limited.  They lend in Michigan, Ohio, Indiana, Tennessee, Kentucky, Georgia and Alabama.  According to their website, they do things like:

• Manufactured Homes on land – any year
• Vacant land/Hunting Property – unlimited acreage
• Unusually zoned properties
  
• Modular or packaged homes
• Log homes/Berm Homes/ Dome Homes
• Mixed-use properties
  
• Multiple buildings on one parcel
  
• Hobby Farms
  
• Vacation properties – large and small

I know it won't help you up in NH, but it may come in handy to someone in one of the listed states that comes across your post looking for a lender that does manufactured.  Their site is www.northpointelending.com .  Sorry I couldn't be of more help.

US Bank will still do MH-It's a bear though!  flagstar is who I would suggest.

Denise Worsley

Taylor Bean and Whitaker will do them as FHA. Good Luck, Ruskin

This is the info on Mobile Homes that I've been looking for.  I am currently doing some research on setting up a mobile home park; would appreciate info from mobile home experts.

Vanderbilt does new and existing MH loans as well as lot loans.  They are primarily a retail shop and are partnered w/ Clayton Homes, but they have a broker channel as well.

Richard - thanks for the info.  I suspect the modular/manufactured housing market is suffering everywhere (and probably more than other property types).  But I haven't seen any headlines about it...

I can assist you wit this, if stlll needed? I work for a Federal Chartered Bank, and we can get these types of deals done. Demographic areas do apply.

Thanks,

JD

My Bank can do them , WellsFargo

Abbie, First National Bank does loans on both Mobile Homes and Manufactured Homes. Their phone number is 1-800-968-3626. Contact people are Stephanie Spindler, Glynis Chapman and Nichole Sarkozi. 

You may already know this but there are differences between Mobile and Manufactured Homes.

Below are the primary differences between a Mobile Home and a Manufactured Home.

Mobile homes are factory-built on a permanent chassis constructed prior to enactment of the HUD Code on June 15, 1976.

Manufactured homes are factory-built manufactured under the Federal Manufactured Home Construction and Safety Standards Act, commonly known as the HUD Code.

Hi Abbie,

The only way to do a Double Wide Mobile is through FHA and you can use the Down Payment Assistance Program. Ironically I have been closing on the average of 2-4  Mobile Home Loans using the FHA loan and 2 of them had a score of 569 and it was approved by manual underwriting.

Comps are so crucial !!  Let me know if I can be of assistance. Have a great day !

Eric Meruelo

We still do them at Wells Fargo.  We can lend in all 50 states, so that is not an issue.  Let me know if I can help!

You will find that Assurity Financial will be able to help on manufactured homes. If you need help in Ca please call me at 866.841.0953 ex10534. We do FHA.

It is imperative that lenders as well as all others in the Real Estate industry, learn the true terminology.  As stated above, if built after 1976 to HUD guidelines which is evidenced by the HUD tags on the exterior and the HUD Certificate inside the home, trailer and mobile no longer apply, but manufactured is the correct terminology.  As well as those offered above, some local banks still offer portfolio loans for manufactured homes.

Hey Abbie,

Mobile homes are my specialty our here in AZ.  The lender I always use is Taylor Bean and Whitaker- hope this helps...

Ryan Abel

Savannah Mortgage

21st mortgage will do singlewides and land and home back to 1977.... google them, have closed 2 so far.

ADHL here in GA. We do them, not sure if it will help you in NH but we do them in the southeast regions.

Thanks for posing this question.  It is one I have been figuring out myself..

PHH doea it.  Of course they have to be a double wide or more and need bo be made before 76 i believe.

My bank can help you. www.homeloanservicing.com

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