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usersam528 · Joined: 12 Jan 2009 Posts: 1 1.55 Dollars($)

we want to buy manufactured home 108.000
we have payed down 15%

adonis · Posted: Thu Jan 29, 2009 11:55 pm Post subject:

Hi usersam,

Keeping in mind the market situation now, the lenders are giving loans to people who have a higher credit score. However, I would still suggest you to speak to the lenders of your area and check the terms and conditions they are offering you.

You can also speak to the lenders of this community and seek a no obligation free mortgage consultation to know about the type of rates and terms you may expect to get.

redoten · Joined: 27 Jan 2009 Posts: 9 3.64 Dollars($)

msnover92571 · Posted: Tue Feb 10, 2009 12:37 pm Post subject:

Yes i am in the same situation, i have a credit score of just about 580 and am looking for a loan too. Any suggestions? I am looking for a loan of about 200k and i have about 50k as a down payment. Do u think i have a chance with my credit being low?

adonis · Posted: Sat Feb 14, 2009 1:15 am Post subject:

Your query has been answered in the given link:

http://www.mortgagefit.com/credit-rating/about17803.html#77366

Please take a look. I hope it will help you.

msnover92571 · Posted: Sat Feb 14, 2009 1:16 am Post subject:

Yes thanks you very much adonis very good info thanks!!!

mickbali123 · Joined: 20 Oct 2009 Posts: 3 1.46 Dollars($)

Hey mate.
Thanks for sharing this post, Well while searching on internet i found a website "carloan-badcredit.com" , Is it true that this website is good for maintaining our credit scores?

[External link deactivated as per forum rules. Thanks.]

smithsussane · Posted: Wed Oct 28, 2009 1:05 am Post subject:

Hi mickbali!

Welcome to forums!

Well, I do not know much about whether or not it is a good site for credit repair. You can improve your credit score by taking some simple steps yourself. You can check out the given page to know some steps to improve your credit score yourself:
http://www.mortgagefit.com/credit-rating/credit-repair.html

Feel free to ask if you've further queries.

Sussane

brownwalter09 · Joined: 10 Aug 2009 Posts: 37 0.00 Dollars($)

Hi mickbali,
pl go through discussion at
http://www.mortgagefit.com/know-how/about4803.html

They may be reliable but costly.

gmakerley · Posted: Thu Oct 29, 2009 8:53 am Post subject:

credit repair is best done by the individual whose credit needs repair - by him- or herself. casting your fate with some of these internet companies that pop up (gee, maybe i should start one and make millions of dollars) is very risky...paying someone else to do what you can do for yourself isn't a good idea. not only is it potentially very expensive, but you'll have no control over what takes place.

tfaulhaber · Joined: 14 Sep 2009 Posts: 9 2.38 Dollars($)

Yes. My company can lend down to a 550 credit score on purchase transactions through our Portfolio FHA product. We CAN'T finance manufactured homes. You can call 1800 CALL FHA. They might be able to lead you in the right direction.

riseabove · Joined: 09 Nov 2009 Posts: 277 11.01 Dollars($)

550 seems pretty low - what additional conditions or terms do you impose, and what sort of rate could someone with a score like that expect to get?

cupplesjonathan71 · Joined: 04 Nov 2009 Posts: 82 0.00 Dollars($)

loan with a credit score of 550 is a high risk loan. Definately they will charge higher interest rate. no doubt about it.

raymond · Posted: Sun Nov 29, 2009 10:08 am Post subject:

>>we want to buy manufactured home 108.000

Yes, you can use VA or FHA with a 620 FICO. With VA the Manufactured Home must be brand new, but it can be used with FHA.

raymond · Posted: Sun Nov 29, 2009 10:11 am Post subject:

>>i have a credit score of just about 580 and am looking for a loan too

It's possible with 580, but yours is going to be a lot tougher. Expect to pay way higher fees, and a much much higher interest rate. If I were you, I'd concentrate on increasing the score first.

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