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can you mortgage a mobile home Hello Tina. Yes you can get a loan on a Mobile Home but it is not a mortgage as there is no Real Estate involved in the purchase. The loan is effectively the same as an Auto Loan and is secured by the physical "vehicle" with the lender holding the "Pink Slip".
Some lenders are giving second-chance loans to those with bad credit – And her bank wouldn’t give her and her husband Larry a loan to buy a replacement home. Brenda’s still tending her. expansion of an innovative financing program for manufactured housing mortgage.
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Mobile Home Loan Questions, Financing & Refinancing Answers – To find the monthly payment for this mobile home loan, we can use the Loan Calculator, Scenario #1 with $201,500 as the total loan amount (you are not borrowing this much but you will owe this amount when the mobile home loan is paid), 6.74% as the fixed interest rate, and 240 as the number of payments (1 payment/month for 20 years). The monthly payment is found to be $1,530.94.
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