Trying to purchase a HUD foreclosure

hubvance · Joined: 03 Sep 2009 Posts: 1 1.29 Dollars($)

I live in Idaho and am having problems finding a good lender for a 1994 manufactured home/land purchase. What can your company do for me?

HUD has the home at 82,000 but has reduced the price. We want to offer 50G with the idea to install the carpet.

I would like to know your lending terms and loan-to-value etc. If you finance in Idaho.

jenkin7 · Posted: Fri Sep 04, 2009 12:29 am Post subject:

Hi hubvance,

There are many lenders in this community who offer financing for manufactured homes. What you can do is, you can seek a no obligation free mortgage quote with them and see if they can help you. They will assess your financial situation, your credit scores and other required factors and will let you know if you qualify for a mobile home loan. In case you qualify, the lenders get in touch with you and offer you free mortgage quotes. This will help you know the rates, terms and conditions you can get on the loan. If you think you are getting a good deal, you can go for the loan or you may look for some other local lenders.

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