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Loan for mobile home on rented lot after foreclosure

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Icon Mini Profile rerunfun





Joined: 26 Jan 2009

Posts: 1

1.57 Dollars($)
Post Posted: Mon Jan 26, 2009 8:18 pm    Post subject: Loan for mobile home on rented lot after foreclosure
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I'm am trying to get a loan for a newer double wide mobile home on a rented lot. My home was foreclosed on in 2003 and my bankruptcy was discharged in 2006. My credit score is in the upper 600's. I was told I could not get a loan due to this. Is there any help out there? I am looking to borrow approx. 40K for 25 yrs.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Mon Jan 26, 2009 9:52 pm    Post subject:
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Hi rerunfun!

Welcome to forums!

As the property is located in the rented lot, in my opinion, you will not be able to get a mobile home loan for the property. You will have to try out for a personal property loan. You can get personal property loan from retailers who sell mobile homes. To know more about mobile home loans, check out the following link:
http://www.mortgagefit.com/mobile-homeloan.html

Feel free to ask if you have further queries.

Sussane
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