by Teryn Bonime www.teryndowntheroad.com

Question: Where do I go to get a loan for the manufactured home I want to buy?

Mobile homes and manufactured homes take a higher interest rate because typically the land is not part of the sale-usually the land is leased. For this reason also the value of these types of homes does not appreciate as “stick” houses do.

 You would also need to go through a lender that does mobile home loans as most lenders in the Ventura area do not do them. 

Currently getting this type of loan is doable but can be a pain so be prepared with lots of patience!

Call me for a lender recommendation who fits your needs and will work hard to get you into your loan!

Photo courtesy of Dillon Scheps