I want to put a new house on existing property, however I have a single wide trailer that I owe money on. I want to be able to borrow money from mortgage company and also roll over existing mortgage loan without putting a lot of money down. Is this possible?

Hello s:

Probably not. A loan for a mobile home isn't really a mortgage. It's more like a car loan. So, you're not going to be able to wrap them into one loan.

You could certainly refinance your mobile home and get a building loan that'll convert to a mortgage when the house is done.

excon