The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

What are the standard interest rates on financing a mobile home park, and what standard down payment is requir

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (2)
No User Photo

Are you having problems paying debt consolidation, bills or home
improvement? we offer loans of all kinds to individuals,firm and
co-operate bodies and companies world wild.we offer loan at 3%
interest rate with fast approval.get back to us if interested with the
email below: tonywater12@gmail.com

Mar 21, 2017
Michelle Goebel
Goebel Business Services
Making Business Ownership a Reality.
Pinal County, AZ

Ms. Rigney, to answer your question, banks would need to know your credit rating from all 3 credit bureaus to give you any idea of an interest rate. In regards to a "standard" down payment, lenders will want about 25% or higher for a down payment. They will not do lower than 20%.

If you have a problem coming up with a large down payment and you're lucky enough to have mom and pop sellers, you may ask the mobile home owners if they would consider selling you the park with seller financing. This way they might accept a lower down payment. Hope this information is of some benefit to you. Good Luck.

Respectfully,
Michelle Goebel, www.goebelbusinessservices.com
www.linkedin.com/pub/michelle-r-goebel/36/852/895
www.branchout.com/Michelle.Goebel
https://www.facebook.com/michelle.goebel1

Jun 11, 2015

Start a Discussion