Manufactured Home Financing Bad Credit How Do You Refinance An Upside Down Mortgage For A Manufactured Home?

How do you refinance an upside down mortgage for a manufactured home? - manufactured home financing bad credit

My husband and I bought a house built in 2001. Unfortunately, we were very inexperienced and do not understand that money if the closure was so important. At the same time also had bad credit, but the seller is willing to sign with us. We buy only 7 points and rolling in the cost of borrowing and other costs to close the interest rate for one thing, I can offer lower. It increased from 12.5% to 10.75%. We have always paid on time in the last 6 years, but want to refinance the high interest rates downward. 10.75% of our current lender announced that it is his lowest, and our Credit Union will not finance negative equity. The house is $ 81,000 and $ 92,000 value is still on the loan. I have heard that there are loans available to 125% of the value of a house, but not if it is made. Does anyone know of any alternative or a useful suggestion to help us?