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my husband is thinking of trying to see if the banks will let us roll over a loan into another while we try an rent out our to possible a rent to own deal is this even possible?

3 Thoughts on Can you roll over a mobile home loan into a house loan if you are renting it out? or will u have 2 seperate 1s?
  1. Reply
    Jen
    March 1, 2014 at 4:59 am

    Usually not…most banks finance mobile homes differently than site built homes…but it’s best to check with your bank. If you have enough equity in your home, you may could get a loan big enough on it to pay off the mobile home…or instead of renting-to-own see of the bank will just let the buyer take over the payments on the mobile home, that would get it out of your name and they would make payments directly to the bank.

  2. Reply
    David Z
    March 1, 2014 at 5:54 am

    No you may not. A loan secured by a mobile home is a different type of loan secured by a single family or condo.

    If you can rent the mobile home you can likely use the rent as income to reduce your debt/income ratio.

  3. Reply
    Star Gazer
    March 1, 2014 at 6:53 am

    You cannot roll over a mobile home loan into a standard mortgage. if you have enough equity in your existing home you can pull that out to pay off the mobile.

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