Financing an older MH

[jtad]

Looking at coaches in the 2002-2007 year range. I have noticed that most places limit the age of a used coach they will finance to 2007. Anyone know of someone financing with decent rates for the year ranges I am looking at?

[jorbill2or]

My dealer assisted in finding a local ( in the same state ) credit union that would loan on a 2003 at 5 % .. Required a higher down payment based on nada value and only since our Fico was above 800 to boot.
2006 was the magic number at least least year , probably 2007 by now that it became more difficult even with good credit to get a loan or rates went up to the 10% range if they even talked about it !
8 years appear to be the new line . I imagine that that will drive down values at 7-8 years as it dramatically lowers the buying pool to cash buyers or buyers with enough home equity to tap

[Popsie]

Consider a Home Equity Loan to get the money you need to buy an older coach.

Lower interest rate, easy to do.

[mikebreeze]

I went through a company called Scott Financial, who later sold my loan to M&T Bank, Baltimore, MD. You may want to check with them.