Financing available for older doublewide trailer?

Is there 30-year financing still available for a doublewide trailer built in 1988 and the land it’s on? I may be able to arrange for seller financing from a motivated seller who owns this property free and clear of any mortgage loans and she is very motivatd to sell.

My plan would be to get a tenant-buyer into it and eventually have this tenant-buyer cash out the deal with conventional bank financing. I probably don’t want to take on this deal if there is no conventional financing available for this tenant-buyer, though.

Has the recent tightening of credit affected financing doublewide trailers, especially ones over 20-years old? TIA.


Bob

If it is a good deal then ,with that special relationship that you built with your local bank should be no problem. You did build that relationship, right?
redhawk

Working on it. Thank you for the response. I’m hoping that Greentree or other lender for mobile homes might still have programs to loan on older doublewides, also.