Bank loan on a mobile home?


Share |

Ok so heres the deal I and my husband sadly live in new jersey and NEED our own house but not a house that can't be moved soooo we're trying to find a bank up here that can give us a loan for at least 45 k for the one we want and don't no one start with there comments about how much it's gonna cost...


Answer (1):

 
?

Banks in NJ don't write mortgages for mobile homes since you have NO deed but a title issued by the DMV. You need to finance through the Company that sells you the mobile home.
You had to be aware NJ was an expensive state and trailer parks are rare and land is top dollar.

 

Relevant answer in Home, KS