Rebecca's Blog

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Mortgage and Lending - Competitive Insurance of Dundee
I just helped a veteran purchase a single wide manufactured / mobile home by doing a 100% VA loan with 6% seller concessions! Most would say it couldn't be done.
RECENT BLOG POSTS
100% VA financing on Single Wide manufactured homes Unlike FHA loans which require a 2.25% down payment on single wide manufactured housing, the VA will go up to 100% financing!!!   And, they'll allow the seller to contribute 6% of the purchase price toward the buyers closing costs, pre-paids and...
05/27/2008
Mobile Home Financing? I cannot tell you how relieved Realtors are when I tell them we can finance ANY manufactured (mobile) home. Things have tightened a little bit, but financing is widely available. I just did a 100% VA loan on a 1986 single wide. Many banks are shying away from financing sing...
05/21/2008
4309 Coyote Trail, Polk City, FL 33868 - in the Country Trails subdivision.  This lot had a big double wide on it a year or so ago.  This means the septic, power, city water, tie downs  . . . . are all ready and waiting!  Best of all NO IMPACT FEES! It's .7 acers on a rectangular lot.  Perfect fo...
05/20/2008
We'll miss our weekend home! By my 1 bedroom 1 bath villa, completely furnished only $39,900! Lake view, quit, perfect for retirees!  Just outside Lake Wales, Florida and only minutes from Disney. Truly the best value in Real Estate!  Why rent when you can own for less? Financing available - call...
05/19/2008
I have a list of lenders that will finance mobile / manufactured homes in Florida.  I know a lot of people have been turned away on this property type because so many lenders have had so much trouble with these. A lot of lenders are having great success though too, so if I can help, contact me wi...
05/16/2008
VA Mortgage on a Single Wide Mobile Unlike FHA loans which require a 2.25% down payment on single wide manufactured housing, the VA will go up to 100% financing!!!   And, they'll allow the seller to contribute 6% of the purchase price toward the buyers closing costs, pre-paids and so on.  This is...
05/15/2008
The biggest factor affecting your credit score is; "Proportion of balances to credit limit too high."  In English; If you buy a lawn tractor for $1,000 and you get a store credit card for $1,000, the balance in proportion to the credit limit is 100%.  This is a red flag with the credit bureaus b...
05/14/2008
Since the real estate is rented or leased, and in some cases co-operative shares, it's difficult for lenders to use anything but the mobile home itself for collateral.  And even then, if a foreclosure was to happen how could the lender go into the park and collect their home?  What would it be wo...
05/09/2008
Unlike FHA loans which require a 2.25% down payment on single wide manufactured housing, the VA will go up to 100% financing!!!   And, they'll allow the seller to contribute 6% of the purchase price toward the buyers closing costs, pre-paids and so on.  This is phenomenal and a great way to help ...
05/08/2008
This lot is right off of I-4 and just needs a double wide.  The double wide that was on it was removed after the prior owner installed a large septic system, 200 amp electric service, city water hook-up and PAID THE IMPACT FEE!It's a large .7 acre, vacant lot in the Country Meadows subdivision.  ...
05/07/2008
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Rebecca Schrader

local_phone(863) 438-9290
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100% Financing on Single Wide?