We are exasperated trying to refinance our place through Capital Mortgage (the original mortgage company on our place), to lower our payments with today's lower interest rates. Don't get me started, but it's like "the Keystone Cops do mortgages." Total chaos, and we've been fiddling with them since OCTOBER. It has been a total nightmare.
So we're looking for a different company. The problem is that (1) it's rural ag-exempt land - 25 acres, and (2) it includes two manufactured homes. We need a 30 year fixed, with closing costs rolled into the loan. We pay T & I ourselves, separately. I can't find ANY company anywhere that will do it, even big national companies like Lending Tree.
We have a tiny debt-to-income ratio and credit scores in the 800s. Qualifying is NOT an issue. But everybody I talk to says "oh we can't finance over 10 acres," or "we don't do manufactured homes." Much less both. This is a 30 year fixed, by the way. Loan amount is 72% of the appraised value. We don't want to go through an ag credit company.
Any pointers would be greatly appreciated.
So we're looking for a different company. The problem is that (1) it's rural ag-exempt land - 25 acres, and (2) it includes two manufactured homes. We need a 30 year fixed, with closing costs rolled into the loan. We pay T & I ourselves, separately. I can't find ANY company anywhere that will do it, even big national companies like Lending Tree.
We have a tiny debt-to-income ratio and credit scores in the 800s. Qualifying is NOT an issue. But everybody I talk to says "oh we can't finance over 10 acres," or "we don't do manufactured homes." Much less both. This is a 30 year fixed, by the way. Loan amount is 72% of the appraised value. We don't want to go through an ag credit company.
Any pointers would be greatly appreciated.
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