Can I get 100% financing on mobile home?

Guest 0.10 Dollars($)

Is it possible to get 100% financing for a 85 mobile home on 3.5 acres of land? it meets the permanent foundation requirements and has hurricane tie downs .

Guest 0.10 Dollars($)

As the mobile home is on permanent foundation then it will be much easier for you to avail financing. You should get in touch with a few mortgage companies to know if they would be able to provide 100% financing.

miller_st · Joined: 17 Jan 2007 Posts: 917 168.82 Dollars($)

One positive point for you is that the mobile home is on permanent foundation though it is pretty old (85!).

If it is in good condition then there should not be much problem for you. Start contacting lenders to know what rates they are offering for 100% financing. And do not take rate quote from just one single lender; get estimates from 3-4 lenders.

Shopping for a loan will help you know the difference in rates offered by lenders and allow you to select the most appropriate offer.

Miller

Caron

Hi Shell,

It is possible to get 100% financing for a 1985 mobile home. The best thing is that your home has a permanent foundation, as a result of which it is easier to qualify for loans on mobile homes. But the lender will obviousdly conisder your financial status and credit before approving any mobile home loan.

In our community, there are a group of lenders offering different types of loan on variosu types of properties. If you are interested, you may send in your request for free mortgage quotes so that our community lenders may try to match their profiles with your requirements. And, in case, they find out that you will be able to qualify with any of them, they shall contact you asap.

Good luck Smile

ligroy · Joined: 03 May 2007 Posts: 10 5.50 Dollars($)

I believe it is possible, but you know that your credit and financial background will be checked as always whether its a mobile home or any other home loan.

much luck

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