Florida has one of the largest concentrations of manufactured homes, mobile homes double and triple-wide homes with land in the country. We cater to helping clients who want to refinance and pull cash out of their mobile homes in Florida. Most banks will not do a mobile home with land. However, you can use private and hard money to help refinance your doublewide and triplewide with land in Florida. Credit score is not important. A private investor will look at the equity in your mobile home and land. If you don't own the land they can't help you.
You must own a doublewide 1990 an above in age, and it must be on a foundation, ideally most lenders want to see, .25 of an acre, or 1/2 and acre. We do not entertain rv parks or mobile home parks. The residents dont own the land. You must own the land and the mobile home and ideally we like them to be free and clear, 100% equity no mortgage. Our investors will use the equity in the problem and not look at credit.
It usually takes two weeks from the time you apply once the steps of the loan process have been in place. It can take longer if you have title issues, liens, or judgments against your home. Once you get clear to close, it usually takes a two to three-week process.
We have borrowers who own one, two, 10 up to 50 acres and will leverage the equity in your mobile home with the land to get you the cash you need. The smallest loan amount is 30,000 up to 1 million if you have the land and its have the value. Our investors will give you the best value and the max loan to value is 50% so you still have 50% equity in your property.
Our hard money lender will do your double or triple-wide loan in Tampa, Miami, Lakeland, Orlando, Sarasota, Gainesville, Saint Augustine, Jacksonville, Spring Hill, Brooksville, and Ocala. If you're in Florida, contact us!
Yes, our investors and the appraiser will use all your buildings and all the acreage to determine and give you the best value to get you the loan amount you need. What if I own a mobile home with land and have a nursery with acreage, can I still get a home refinance loan? Yes.
The private investor will put a first mortgage lien note on your property, a legal document, reviewed by an attorney, and it will have rate, and terms spelled out. You will get this at the closing and even when you sign the document. You will have 3 days to change your mind should you not want to do the loan. The private investor again keeps the loan to values at 50% and you still have over half of the value of your property available to keep your cost down and risk down to you and the investors. And you still have lots of equity in your mobile home and land.
Our experienced team of underwriters, investors, and loan officers will work with you and guide you through the mobile home refinance process each step of the way to make it a simple, easy, stress-free experience.
