Hi! Does anyone knows of a lender who finance a trailer with acreage ?

David Carriere
Smarter Mortgage
+1 (281) 650-0648

about 2 months ago

Jason Rinn, Mortgage Outfitters- (281) 782-7955.

about 2 months ago

Try contacting a bank in that city where the property is located. If they dont I'm sure they know who do it call a trailer park near that city that sale trailers.

about 2 months ago

You can use mortgage outfitters however, their origination fees are very high. I would also recommend Angie Bacon with CMG financial. Their restrictions are: not older than 20 years, in original location, retrofitted double-wide. Her number is +1 (832) 592-2524.
I would also recommend Scarlett MacFarland (281) 255-3480

about 2 months ago

So far as I’m aware, it would have to be a fairly new trailer, less than 2 years old. Typically these properties are paid for in cash. If it’s is a brand new trailer, the manufacturer or sales company will finance it. If it’s very new/barely used, and the buyer is willing to put HALF down in cash, you might find a hard money lender to help (doubtful) with a short 3 year repayment. Otherwise, it’s not likely anyone will lend money for the purchase. The depreciation is so high, it’s not worth as much as collateral as would still be owed.

about 2 months ago