Mobile
Home Loan Information
The majority of the lenders and brokers
featured on the survey at the top of this
page do not offer financing for mobile homes.
In fact, a large portion of mortgage companies
have elected to steer clear of mobile home
mortgage loans as they see them as a risky
investment.
So, where do you start looking for lenders
that do offer mobile home loans? One lender
to check out is American Financial Resources.
They are a national lender based out of
New Jersey that offers mobile home financing
assistance for both single and double wides.
The mobile
home mortgage page on their web site
give a basic set of criteria which can help
you determine whether or not your home may
be eligible for their products. Their phone
number is 800-316-9508. They only finance
mobile homes on owned land.
If you are looking to purchase or refinance
a home in a park, you could check out JCF
Lending Group. Their web site, www.chattelmortgage.net,
states that they "provides mobile home
loans to include, mobile home financing
and manufactured home refinancing for homes
located in mobile home parks and leased
lot manufactured home communities."
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