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m d
Lv 5
m d asked in Business & FinanceRenting & Real Estate · 8 years ago

Is there a mortgage out there for a manufactured (mobile) home if you're renting the lot?

My wife and I have very good credit, we are looking to move out of our apartment and move into a manufactured home. We are having trouble obtaining a mortgage because the homes in Massachusetts are all in parks where you rent the lot.

Also most of the homes do not have foundations, as I have found this to be a factor as well.

I know of mfloan.com they currently do not take applications in Massachusetts

4 Answers

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  • Landlord
    Lv 7
    8 years ago
    Favorite Answer

    Try Green Tree

  • ?
    5 years ago

    2

    Source(s): Rent To Own Homes - http://renttoownhome.iukiy.com/?eCNl
  • Appraiser guy
    Lv 6
    8 years ago

    First thing is you can NOT get a Mtg on a mobile home that is personal property and all mobile homes on rented lots are personal property and not Real estate. You can buy a mobile with a personal loan just like a car. Not all Mfg homes in Massachusetts are on rented lots. You can buy a lot where its zoned for Mfg homes and put a Mfg home on that lot, but you will have to put it on a foundation and take off the wheels and axles, then the county will change the title to a RE Deed. Then install a septic system, drill a well and bring in power, unless you have the utility's on the street.

    Source(s): Certified FHA appraiser
  • ?
    5 years ago

    Rent To Own Homes : http://renttoownhome.uzaev.com/?wlCv

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