2nd Mortgage for Mobile Home
Private Money only
Finding a 2nd Mortgage for a Mobile home or
Manufactured Home is nearly impossible. The only
way we have seen it done is with Private Money, that is an individual
willing to lend you money and take a lien on your mobile home behind a
first mortgage.
No
Banks, Credit Unions, or institutional lender will take on this risk.
We have only seen regular people do this and it is always
very, very expensive. You would be more likely to find a
lender who will refinance your home before you ever find someone to
lend you money and take 2nd position on your home.
Related Info
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underlined words for more information.
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