Doug, I got bogged down in your details but there is private money available in about any market. You just have to find it. The trick is to keep your loan-to-value (LTV) low. The mortgages I've carried were never over 40% LTV. Creditworthiness I could care less about.
Financing a $60k new doublewide isn't anything I'd look forward to, only consider if the land value carried the note. Mobile homes depreciate, not appreciate, everywhere I've lived.
I help folks interested in non-standard housing, often underground. With no direct comps, they're left out of the normal mortgage market. Appraisers won't touch them. Private money to the rescue. For anybody with a chunk of cash to park somewhere, a low LTV mortgage sure looks good at 6%, maybe less. Guy in Atlanta found 5%.
Another route is credit unions. Just got an ad from mine- they're looking for mortgages. No origination fee. Last I asked, I could get a 60% LTV with no documentation or closing costs, all based on the assessed value. That was on my unimproved land, worth far more than my house.
Regarding allergies, I a lot know more about that with housing. Air changes are the solution. Your new doublewide will be full of formaldehyde, like those FEMA trailers but with a lot more air to dilute it. Not a problem, just something that needs ventilation. My house gets a total air change every 2 hrs. More than necessary, but a great luxury. As my house self-heats/cools, not an expensive luxury.
It's the only way I was able to live with the allergens that come with the climate here and still do woodworking. Had to learn how to get a house that would let me live here. I filter the air before it comes into the house. Guests often notice that our indoor air is unusual.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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