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Tytlfamily

Financing Deeded RV with House....Options?

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Hello everyone!

My DW and I are new to Escapee's and this forum. We have a 35 foot Thor Hurricane, and plan on living in it full time starting the begining of 2016. I am very much interested in purchasing a deeded RV lot, with a small house on it though. My question is, for those of you that have....is it possible to get finaced? Just as if you would purchase a normal home....my fear is that the banks may see it differently though, and treat it more like a land or lot purchase. Any advise would be appreciatted? I have not called or asked any banks yet....want to get a better feel for what properties are available first.

 

 

Cheers, Tom

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In general I have found that you can finance a small house (in most cases) IF it has a dedicated kitchen and a dedicated bedroom. But it varies some by finance source. In some cases there are sq ft requirements as well.

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Welcome to Escapee forums. Good to have you with us!

 

Given a good credit score, you should normally have no great problem but the terms will usually be of shorter duration than for a home mortgage.

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