- 1). View your free credit report at annualcreditreport.com. Visit the site and choose your state. Pick one of the three reporting agencies, and print your free copy. Make sure there are no errors or discrepancies before you attempt to finance mobile home investments.
- 2). Visit a mortgage broker's office. Ask whether any of the companies he deals with provide financing for mobile home investments. Be prepared to put a down payment of between 10 and 25 percent for investment mobile homes.
- 3). Contact a bank that has its home office in your area. Local banks that are privately owned offer a benefit for investors, especially for older mobile homes. Local banks can finance mobile home investments "in-house," meaning they do not have to get an approval from an underwriter. Therefore, if you have good credit and a strong income history, a bank can offer financing.
- 4). Complete an application with the lender who offers the best rates and lowest down payment for mobile home investments. Supply your name, address, employment information, income statements, tax returns and other documents requested.
- 5). Follow the guidance of your lender and complete the loan process. He will walk you through the appraisal process along with other required procedures, such as inspections. Sign the loan documents securing the financing for mobile home investments.
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