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Bre
12-05-2005, 04:16 PM
Can anyone here do a double wide in Ashford, AZ? He has 7 horses and 3 cattle on his land. Loan to value is good. I just can't do it. Thanks.

HM
12-05-2005, 04:17 PM
Can anyone here do a double wide in Ashford, AZ? He has 7 horses and 3 cattle on his land. Loan to value is good. I just can't do it. Thanks.
On a foundation?

HM
12-05-2005, 04:20 PM
Manufactured/Mobile Homes Doublewide
1st Choice Mortgage Up to 85% LTV max for cash-out/t/t or purchase need 600 score. Max loan at 85% is 250K. Lower credit score and lower LTV's. 600 score-85% LTV 580 score-80% LTV 560 score-70-75% LTV 540 score- 65% LTV 520 score-60% LTV Loan amount max depends on score LTV and Doc type FULL doc ONLY BS only for Self employed . Must be doublewide(23 ft) No Rural.
21st Mortgage Corp Up to 95% LTV
Aegis Mortgage Corporation Up to 85% LTV
Bay Capital Corp Up to 80% LTV. 960 Square Feet. Maximum 10 Years Old.
Birmingham Bancorp Up to 90% LTV. R/T or CashOut to $400K. 640 Minimum Credit Score. Up to 85% LTV with 600 Score
Concorde Acceptance Corporation Up to 80% LTV
Decision One Mortgage Up to 80% LTV
Encore Credit Corporation Up to 80% LTV
Expanded Mortgage Credit Up to 80% LTV
First National Bank of America Call for information
Gateway Financial Corp Up to 85% LTV. 600 Minimum Credit Score
Hartland Mortgage Centers Up to 85% LTV
Home Equity of America Up to 90& LTV
Homeland Capital Group, LLC Up to 90% LTV
Lowrates Lender Service Up to 80% LTV
Metropolitan Capital, LLC Up to 95% LTV
Oceans Funding Co Up to 95% LTV 660 Minimum Credit Score for Mfg
Reata Funding, LLC Up to 80% LTV
Saxon Mortgage, Inc. Up to 95% LTV. OO. $150K Max. MI required over 80% LTV
Specialty Mortgage Corp Up to 80% LTV
St. Cloud Mortgage, Inc. Up to 95% LTV
Westar Financial 55-65% LTV depending on Age

Bre
12-05-2005, 04:22 PM
We cannot do it cause of the animals also LOL

Bre
12-05-2005, 04:23 PM
And it is not on a foundation.

HM
12-05-2005, 04:31 PM
Are they considering it a mixed use property?

Red Eye
12-05-2005, 04:38 PM
Try Wamu... Good luck w/ it not being on a permanent foundation.

Outnumbered
12-05-2005, 11:28 PM
Do the deal "subject-to" a new HUD approved foundation system. Sell the owner on the increased property value, better loan terms, and future ease of getting loans. It should not cost too much, probably under $5k.

NorCal Gameshow
12-05-2005, 11:38 PM
Try Wamu... Good luck w/ it not being on a permanent foundation.
is a mobile home on a permanent foundation, still mobile ?

Outnumbered
12-05-2005, 11:48 PM
is a mobile home on a permanent foundation, still mobile ?
Most lenders consider a mobile on perm (HUD approved) foundation in the same category as a stick-built house. They usually have a little worse pricing and LTV but still can be done on similar terms as a standard home. True mobiles are not "real" property unless permanently attached to the land via a foundation system.

NorCal Gameshow
12-05-2005, 11:54 PM
most house's are mobile :)
http://images.google.com/images?q=tbn:4FNjvwmpit0J:www.viewmi.com/gallery/new_sentinel_05/HouseMoving1.jpg
http://images.google.com/images?q=tbn:8PvclNQ2rU4J:www.svcn.com/archives/campbellreporter/08.01.01/gifs/whitney-0131.jpg

Outnumbered
12-05-2005, 11:57 PM
most house's are mobile :)
http://images.google.com/images?q=tbn:4FNjvwmpit0J:www.viewmi.com/gallery/new_sentinel_05/HouseMoving1.jpg
http://images.google.com/images?q=tbn:8PvclNQ2rU4J:www.svcn.com/archives/campbellreporter/08.01.01/gifs/whitney-0131.jpg
I guess if you want to move it bad enough you can :boxed: