We live in Indiana, and have a 1993 double wide home on block foundation with full slab concrete floor under the home, so it is considered fix to the property.we have one acre with two large pole garages, concrete floors,wired,and insulated. Our property has been professionally fenced.New roof in 2011, new HVAC 2010. new flooring thru out etc.We do not have a mortgage of any kind for our property. We went to our local bank which we have been customers for many many years to secure a small loan to have new siding installed on our home.
Our credits scores range from mid 700s to the upper 700s.All was going well,up to the point I made a comment about our home being a double wide.
BAM ! The loan officer whom we have worked with for several years stopped dead in her tracks and told us NO WAY the bank would loan any amount to us due to the home being a double wide home end of story. Wife and I were in shock as this was the first time we have ever been refused a loan.I might add here, this is the same bank that gave us the original mortgage on our place to begin with.Anyone one ever run into this issue? Thanks