Hi. I am really fed up paying rent for a small apartment every month. I think the rent can pay up the loan if I get one to buy a Mobile / Manufactured home. Can someone give me an idea about such mortgage lenders please?!
I don't think it's really a mortgage loan, rather a loan for a vehicle, such as a boat, rv, car, etc. I believe you should try your bank or shop around for a mobile home and see what financing the dealers can offer you. Keep in mind you will either need to buy land to put it on or lease a spot at a mobile home park. And if you buy land, don't forget about the utility hookups, etc. PS - remember, mobile homes don't carry much of a resell value, so don't buy one and think you can get much for it if you sell it later on.
Well, I also thought the same way you are thinking now and to your surprise when I found the site http://www.manufacturedhomeloan.org/ it worked. It deals in detail on all the necessary aspects of Mobile / Manufactured homes and is a Mortgage Information Center by itself. You may also like to go through the article http://manufacturedhomeloan.org/manufactured-home-mortgage-lenders-helping-you-find-the-best-mortgage-that-will-suit-your-needs/mortgage-programs/ that will give you a complete insight of what you are looking for. All the best!!