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MH in Alabama

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Subject Author Date
MH in Alabama Weaver Land 04-20-2005
|--> Re: MH in Alabama Jeff Strickland04-20-2005
Posted by Weaver Land on April 20, 2005, 1:05 pm
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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?




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?
>
>




Posted by Joel Britt on April 20, 2005, 5:09 pm
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Greentree and Conseco will finance single-wide mobile homes.


>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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