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ARhyner's avatar
ARhyner
Explorer
Nov 06, 2020

Financing for Park Model in Colorado?? Please help!

Hello everyone!

I have found my perfect little home (it's even deeded with the lot) in Fairplay, Colorado, and am co-signing with my mom. We have already been approved for a home that costs significantly more than the park model I'm looking at, however I can't seem to find anyone who will finance this for us.

I saw a posting from 2014 by Crabbin Cabin saying he financed his with a CU, but I'm not able to track this user down.

The owner will be placing it on the market soon unless we can secure financing. Any recommendations are so greatly appreciated. Thank you!!
  • Thank you for the suggestion. They were the first ones I tried, since I've been a member for more than 10 years. I have tried about 4 other credit unions, in addition to about 10 lenders.

    Any other options?
  • How old is the park model? When you can’t finance (and it isn’t your credit) be careful. It’s a warning. Such as, why wouldn’t an owner list the park model? Why give a “deal” to you? What value did the RE appraiser give?