Our lending philosophy on all properties is simply finding a way in which it makes sense for both the customer and the bank. Manufactured homes are often found dotting the shores of lakes in Minnesota and Wisconsin. Whether a single wide or a double wide they are often the perfect fit for people whether for seasonal use or a primary residence.
Because mobile homes vary so much in their condition, use, and placement (strapped to concrete, set on blocks, over a crawl space, etc.) we do not have a one-size fits all approach to lending on manufactured homes. When we make an in-house loan we take in to consideration the age/condition of the home, the value of the structure in relation to the land, and the borrower’s credit worthiness and ability to pay. All of these conditions will affect the rate, term, and down payment that is required.
Many people want the security of a long term fixed interest rate and we are constantly asked if mobile homes are able to qualify for government-secured (secondary market loans). The answer is, “It depends.” It depends on the structure, the long term use of the manufactured home, and the buyer. To find out if the property you are interested in qualifies for a conforming loan click here to fill out an application and then get us the MLS sheet on the property.
Vacation property financing is what we do at Northview Bank. Often people want to secure the land and then purchase a new manufactured home to avoid the hassle of building. We can help with that also. Simply click on the prequalify button and start moving closer to your dream right away.
Specialty: Home Purchases, Home Refinances, Construction Loans, Seasonal Cabin Financing, Land Financing, Lake Lot Financing
Specialty: Home Purchases, Home Refinances, Construction Loans, Seasonal Cabin Financing, Land Financing, Lake Lot Financing
Specialty: Home Purchases, Home Refinances, Construction Loans, Seasonal Cabin Financing, Land Financing, Lake Lot Financing, USDA Rural Development, VA, FHA, HELOC, Consumer Lending
Specialty: Home Purchases, Home Refinances, Seasonal Cabin Financing, Land Financing, Lake Lot Financing, HELOC, Consumer Lending
Specialty: Consumer Lending, Land Loans, Home Equity Loans
Specialty: Consumer Loans (Auto Loans, Boat Loans, ATV Loans, Credit Cards), HELOC, Land Loans
Specialty: Consumer and In-House Real Estate Financing
Specialty: Land Loans, Lake Lot financing, Home Equity Loans, Seasonal Cabin financing, Personal Lending
Specialty: Conventional and Seasonal Home Financing, First Time Home Buyers, USDA Rural Development, FHA, Construction Financing
Specialty: Home Purchases, Home Refinances, Conventional, FHA, VA, USDA, Construction Loans, Seasonal Cabin Financing, Land Financing, Lake Lot Financing, Consumer Financing
Specialty: Mortgage Loans: Real Estate, Vacation Property, Land Loans: Personal, Auto, Boat, RV, Fish House, ATV, Off-Road Vehicles, Construction Loans, Home Equity Loans, HELOCs
Specialty: Consumer Lending, Land Loans, Home Equity Loans