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Posted by Jeff Strickland on April 20, 2005, 1:05 pm
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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.
> 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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