Colli Real Estate

How can I get financing to buy a mobile home?

We live in Alberta Canada, and are looking at a mobile home that is 28 years old. So far every bank has told us that it is not possible to put a mortgage on this type of home because we will not own the land. The cost is only 17,500 and an incredible opportunity for us if we could only get the money! We earn decent money, and even have a co-signer lined up.

You need collateral, you could have used the land if it were for sale, but if the mobile home goes up in flames and you cant pay it off, they have nothing and thats why they wont lend you the money.

Land Only Loans

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