How to purchase a mobile home

linhwin · Joined: 27 Jul 2010 Posts: 3 1.51 Dollars($)

Hi there!

I am looking for a mobile home to purchase in San Jose, CA. I've been looking at some of the MLS listings and I see some homes in the price range of $80K to $125K.

I currently live in Los Angeles and this will be my first home purchase. I make about $71K/year. I have no clue what the first steps are to get the ball rolling on a purchase.

Any help would be appreciate. I'm just a simple guy looking for some direction.

Thanks in advance!
Linh

jerry · Posted: Thu Jul 29, 2010 3:36 am Post subject:

Hi linhwin,

You will have to contact local mobile home loan lenders and get pre-approved for a mobile home loan. Depending upon your credit score and your financial situation, the lender will let you know how much loan you can get or what type of loan you can qualify for. You can go for a property purchase depending upon the pre-approval that you receive from the lender. Then you can go for the final closing.

You can even check out the given page in order to know the basics of mortgage:
http://www.mortgagefit.com/mortgage.html

Thanks,

Jerry

linhwin · Joined: 27 Jul 2010 Posts: 3 1.51 Dollars($)

Thanks Sam!

linhwin · Joined: 27 Jul 2010 Posts: 3 1.51 Dollars($)

Thanks Jerry!

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