How long will a bank finance a mobile home for? and Michigan Senate Finance Committee Meeting Photo by Michigan Municipal League

How long will a bank finance a mobile home for?

I'm trying to buy a 2006 fleetwood trailer house and i need to know how long banks usually finance so I can figure out payments. I also need to know what interest precentage they charge. I live in Oklahoma dont know if that makes a difference or not
We arent lookin for one to last 30 years, 5 maybe 10 years at the most. and i already own the land free and clear


Finance best answer:

Answer by Tigg
Very rare to find a bank willing to lend on a trailer. Most mortgage lenders give you 15 yrs.

Finance

Michigan Senate Finance Committee Meeting Photo by Michigan Municipal League


Image by Michigan Municipal League (MML)
Mayor Abdul Haidous of the city of Wayne and Sterling Heights Mayor Richard Notte were in Lansing on Thursday, with Michigan Municipal League staffer Andy Schor, to testify at the Senate Finance Committee's first hearing on SB 34, which would eliminate the personal property tax. Read the Feb. 3rd Action Alert (http://www.mml.org/advocacy/alerts_advisories/2011_02_4_action.html) which explains the League's position on the bill, and the steps local leaders are taking to make sure committee members understand the devastating impact this would have on local public services should it be enacted without a replacement for the revenues to local communities. For more about the League and what we do go to mml.org.

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