So I found a hunting camp I want to buy but it’s a mobile home. I am learning that it’s actually kind of hard to find banks that finance mobile homes.

Anyone have any suggestions for property in Mississippi.

Also, I don’t live in Mississippi so I haven’t found credit unions I qualify for.

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Posted by weadjust

Member since Aug 2012

15659 posts

Posted on 7/8/21 at 8:46 pm to LSUisBetterthanU

There are lending companies that specialize in mobile home financing. The biggest two are

21st Mortgage Corp

Vanderbilt Mortgage

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Posted by LSUisBetterthanU

Baton Rouge

Member since May 2007

779 posts

Posted on 7/8/21 at 9:23 pm to weadjust

Thanks!

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Posted by weadjust

Member since Aug 2012

15659 posts

Posted on 7/8/21 at 10:24 pm to LSUisBetterthanU

If it's not your primary residence it may be a little more difficult. I would refer to the property as a vacation home or 2nd home instead of camp in the application process

There are a few more lending options in this
LINK

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Posted by lsufan1971

Zachary

Member since Nov 2003

23764 posts

Posted on 7/9/21 at 4:36 am to LSUisBetterthanU

Do a HELOC. Your interest rate will be much better.

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Posted by dat yat

Chef Pass

Member since Jun 2011

4902 posts

Posted on 7/9/21 at 8:30 am to lsufan1971

HELOC is a great option if you have equity.

I am getting one right now because I'm buying some raw timberland where I want to build a camp/bugout homesite. 2.9%

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Posted by Contender01

Member since Dec 2017

269 posts

Posted on 7/9/21 at 8:46 am to dat yat

if its has property that has any value you maybe be able to use Southern Ag Credit. I used them to buy my property. Very easy to work with

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Posted by WessonTiger

Member since Oct 2020

17 posts

Posted on 7/9/21 at 9:51 am to LSUisBetterthanU

First South Farm Credit or Southern Ag Credit.

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Posted by Mudd

Pride, Louisiana

Member since Jun 2019

12 posts

Posted on 7/9/21 at 10:12 am to LSUisBetterthanU

I just closed on a mobile home loan here in louisiana thruogh Triad. I believe they are out of Florida. 10/10 would not recommend. Worst process i've been through. Of course everything was blamed on the China flu. Heard lots of good things about 21ST though FWIW.

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Posted by Jvalhenson

Member since Sep 2017

381 posts

Posted on 7/9/21 at 12:42 pm to LSUisBetterthanU

When I bought my camp I went through MS Land Bank. They specialize in purchases for things like farming, hunting, timber etc. They do have a requirement of some type of agricultural use I think but they just list it as “timber” or at least that’s what they did for mine.

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