Mortgage Discussion - MH in Alabama

Author

MH in Alabama

Weaver Land

2005-06-17, 11:27 pm

I have a couple wanting to purchase a used manufactured home in Alabama.
Their Beacon score is 623. Does anyone know of a company besides Wells Fargo
and Transland that can help?

Jeff Strickland

2005-06-17, 11:27 pm

Beacon is one of three scores, the lenders will use the middle of the 3
scores, which can be higher or lower than the Beacon.

Manufactured homes can be financed, BUT they have to be built after 1978*,
be set on a permanant foundation, and the land must be owned by the
borrower - the lenders will not give a home loan to a trailer in a park.

(*) this date is either 1978 or 1976, I forget which.

"Weaver Land" <glenn@wlandco.com> wrote in message
news:116d2v8epq8vqe3@corp.supernews.com...

quote:

> I have a couple wanting to purchase a used manufactured home in Alabama.
> Their Beacon score is 623. Does anyone know of a company besides Wells

Fargo

quote:

> and Transland that can help?
>
>

Joel Britt

2005-06-17, 11:27 pm

Greentree and Conseco will finance single-wide mobile homes.

"Weaver Land" <glenn@wlandco.com> wrote in message
news:116d2v8epq8vqe3@corp.supernews.com...

quote:

>I have a couple wanting to purchase a used manufactured home in Alabama.
>Their Beacon score is 623. Does anyone know of a company besides Wells
>Fargo and Transland that can help?
>

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