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

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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.

Michelle Goebel,

Jun 11, 2015

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