Where can I find a loan for a manufactured home with land, that is in an "unhabitable" condiition now?

My wife and I are currently looking at a manufactured home with 1.8 acres of land in South Carolina, it is a doublewide home, on a permanent foundation, currently it is "unhabitable", in that the sinks have been removed and may need some electrical work. Trying to find a mortgage is killing us. Our credit scores are in the low 700's. We have been pre approved for twice as much as this purchase would be. Are there other options like getting it as an investment property or doing a land loan on it? I need to know if this is even possible, or if there is a way to beat the loan system that is making it super hard to get a loan on a manufactured home.

It is possible although in this market may be quite difficult, especially on a manufactured home. Look into getting an investment loan for the property. The house will still need to appraise at what your buying it for though. Then once you've done the renovations and it is livable look into refinancing, then you'll be able to get a lower rate and it will be easier to find a home loan. Good luck.

Hi Friend getting loan is very easy...Just take look at the link below to get free loan quotes

keep in mind, manufactured homes values go down, not up, ever. i think you could be better off buying a small cottage and fixing it up, and making more money than you would if you sold that manufactured home and lot 5 years from when you bought it, in almost new condition.

WHY NOT TREAT IT AS A LAND ONLY ACQUISITION....THE HOME ,WETHER IN GOOD CONDITION OR NOT,IS IRRELAVANT....

You won't find a bank willing to invest in that property. I would start with the local credit union and see about a lot loan. You may have to come out-of-pocket with sizable down payment.