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Hi. I am looking to purchase a modular home. My credit is around a 583-587..is there anyone in the state of KY to help me get financed?

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Icon Mini Profile ashleyvanwinkle23





Joined: 14 Apr 2011

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Post Posted: Thu Apr 14, 2011 8:41 am    Post subject: Hi. I am looking to purchase a modular home. My credit is ar
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I have no credit, not bad credit. Just trying to find some help for my new family to get started.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Thu Apr 14, 2011 7:47 pm    Post subject:
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Hi ashleyvanwinkle!

Welcome to forums!

As you've a poor credit, it will be difficult for you to qualify for a mortgage. Nevertheless, you can contact the local lenders and apply for a FHA loan. FHA loans are available at a credit score of around 580.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile Noenoeclue_is_me





Joined: 15 Apr 2011

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Post Posted: Fri Apr 15, 2011 7:46 pm    Post subject:
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I should mention that I know some modular home companies offer financing through their company I hear, also it is very difficult in this economy to get a loan on modular homes. The best and easiest way to get a loan for one is if it is already sitting on a permanent foundation, best of luck and keep us informed.

also contact Forcht Bank - they are pretty good in Kentucky for loans I hear.
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