I’m in a pickle trying to secure a loan for a manufactured home. It’s real property. I can
Say I will live there and get a traditional Fannie/Freddie loan (sounds very dicey) Get an investment loan, but the terms aren’t good, 30% down at ~8% interest (but… not the worst because I would pay it off within 18 months) Do a HELOC on my primary residence (I own it outright) and pay cash, however my upstairs is mid-renovation and my lender says it cannot be appraised / lent on with missing drywall, exposed wiring, etc. But I thought an “as-is” appraisal could be done…?
Any suggestions?
submitted by /u/Significant-Purple26
[link] [comments]
I’m in a pickle trying to secure a loan for a manufactured home. It’s real property. I can Say I will live there and get a traditional Fannie/Freddie loan (sounds very dicey) Get an investment loan, but the terms aren’t good, 30% down at ~8% interest (but… not the worst because I would pay it off within 18 months) Do a HELOC on my primary residence (I own it outright) and pay cash, however my upstairs is mid-renovation and my lender says it cannot be appraised / lent on with missing drywall, exposed wiring, etc. But I thought an “as-is” appraisal could be done…? Any suggestions? submitted by /u/Significant-Purple26 [link] [comments]
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