Refinance manufactured home and mobile home loans are available, but just like other types of home loan packages you'll need to keep an eye out, read the fine print, and shop around.
There are many companies today that offer home loans on mobile homes or manufactured homes and there are a lot of different types. Some will offer you a land home package which means that your mobile home and land are combined, others will offer you a home loan or refinance loan on just the manufactured home itself.
It has a lot to do with how the mobile home is set up, where it's set up, and whether you're moving your home, or leaving it where it is.
If you are refinancing your manufactured home in order to move it from a mobile home park to your own property, there are some great land home packages available. If you're refinancing your home where it sits, you may have several more options.
If you're in a manufactured home park with a lease on the property it sits on, refinancing will probably not be a problem. If you don't have a lease, the bank may require you to get it in writing that you'll be able to leave the home there for a certain length of time, they don't want you to have no place to put your home.
The other option, if you own the land, is to attach the title of the home to the description of the property. This would then be a very similar refinancing package to a stick frame or traditional home loan, but you can't move the home off the property and it's no longer mobile.
Refinance manufactured home or refinance mobile home is not difficult, in fact, because of the many options, you may find it easier than a traditional home loan
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