| Author |
Message |
shirley edwards
Guest
0.10 Dollars($)
|
Post subject: mortage |
|
|
| I have found a 6 bedroom and 3 bath mobil home on almost 3 acres. My son in law an daughter are trying to get someone to take a mortage on it for us. My son in law just got out ofthe army and is trying to get his va started from two blow axiles in both knees an as of now hes got unemployment plus the imcome my daughter gets and my mom an me gets also which should be around 4000 a mo |
|
 |
kathleen henry
Guest
0.10 Dollars($)
|
|
Post subject: mobile loan |
|
|
| Iam living in mobile park! want to buy another in same park. I own mine clear and not elegilbe for loan as it is older! my bank does not do mobile home who do I go to get loan for the newer home I want to get ?it is a 1990 |
|
|
jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
|
|
Post subject: |
|
|
Hi shirley,
Not many lenders are offering loans to help borrowers finance the purchase mobile homes. You will have to search a bit to find out a lender who would finance the mobile home. You have not mentioned the credit scores? What are your scores?
There are lenders in this community, you can go for a no-obligation free mortgage consultation with the lenders in this community to find out if any of them can help you with a mobile home loan and whether you have the sufficient income and credit scores to qualify for it.
Hi Kathleen,
Most of the lenders would not want to finance an old mobile home in this market. So, finding a lender to finance the 1990 mobile home will be difficult for you. But you can check out if the lenders in this community can assist you with a mobile home loan through a no-obligation consultation. |
|
|
johnlmac
Guest
0.10 Dollars($)
|
|
Post subject: mobile home loan |
|
|
| I own a mobile home on almost two acres of land in Texas. I am trying to sell my property. I have an interested buyer, but he can only qualify for an FHA loan. Do you know if FHA will loan money for my property? I was told that the house has to be placed on concrete slabs to qualify for FHA financing. Is there anything I can do to help the buyer find financing? I also noticed that the VA has a program. Do you know what there requirements are? |
|
|
jerry
Moderator
Joined: 17 Oct 2005
Posts: 2615
Location: MICHIGAN
415.19 Dollars($)
|
|
Post subject: |
|
|
Hi johnlmac,
Mobile home loans are not easy to find these days. There are very few lenders who are offering loans against used mobile homes. FHA allows loans on mobile homes,
but they need to meet certain property eligibility criteria and need to be placed on a fixed foundation to qualify for an FHA loan.
One can also get a VA loan for the purchase of the mobile home. In order to qualify, the following basic criteria should be met:
1. The borrower needs to be an eligible veteran.
2. He needs to occupy the property as his primary residence for a considerable period of time after closing.
3. He should have sufficient income and good credit record to qualify for the loan.
For more information on this, you can refer to the following page:
http://www.homeloans.va.gov/VAP26-71-1.htm
Thanks,
Jerry |
|
|
dobb7810
Joined: 14 Mar 2010
Posts: 14
Location: mortgage community
4.04 Dollars($)
|
|
Post subject: where can I get a mobile home refinaced? |
|
|
I need lower interest rates and lower payments. Taking care of Grandson and son who is disabled.I'm disabled, husband is the only one who works.We have been thru so much personal Tragedies since 2002. People would not believe it. we officially have nothing in our name.
our credit still has a bankruptcy on it . where my husband was laid off with 500 other co workers. we have not bought anything we could fix. I say fixed rate.
_________________
need help and advice |
|
|
jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
|
|
Post subject: |
|
|
Hi dobb,
Have you talked to your lender regarding the loan modification? Write a hardship letter to the lender informing them about the financial hardship you are facing. The lender may agree to modify your loan, if he thinks you are in serious financial difficulty. However, even if your loan is modified, you will still need to have a certain amount of monthly income to qualify for the modification. |
|
|
kimkim
Guest
0.10 Dollars($)
|
|
Post subject: manufactured home loan with land |
|
|
| do you know who does manufactured home loans with foundation |
|
|
savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
|
|
Post subject: |
|
|
To kimkim,
If your mobile home is placed on a permanent foundation, it can get an FHA insured Title I loan. It is comparatively easy to qualify for a loan on a mobile home with permanent foundation. However, given the market situation, it could be a little difficult for you to find a mobile home loan lender. You may go for a no-obligation free mortgage consultation with the lenders in this community to find out if they can help you with the loan. You may also contact your local lenders to check out if any of them can offer you the loan. |
|
|
Becky
Guest
0.10 Dollars($)
|
|
Post subject: Mobile Home |
|
|
| Please advise on this info: I have pretty good credit, I am thinking maybe a 690? I have an excellent offer from a family member to buy a 2005 double wide mobile in a 55+ park, I would be paying space rent, as the land is not included. Cost to me would be $50,000. I live in Hemet CAlifornia, and the mobile park is 5 miles away in San Jacinto. thanks |
|
|
Vanessa
Guest
0.10 Dollars($)
|
|
Post subject: Pre approval loan |
|
|
| I have signed a contract to purchase a home. I currently rent paying 850. monthly. This contract is for 100,000. I am currently not working receiving unemployment. But I also receive child support and I have a adopted child which I receive a montly payment for. Using these incomes can I apply for a mtg loan |
|
|
smithsussane
Joined: 18 Sep 2008
Posts: 10020
Location: Alaska
917.78 Dollars($)
|
|
Post subject: |
|
|
Hi!
Welcome to forums!
To Becky,
Are you looking for a mobile home loan? If so, then you will have to contact the local mobile home loan lenders. They will judge your situation and let you know whether or not you would qualify for a mortgage.
To Vanessa,
If you're unemployed, then it would be difficult for you to qualify for a home loan. If you're unemployed, then the lender will think that you will not be able to pay off the loan and thus he won't pre-approve you for it.
Feel free to ask if you've further queries.
Sussane |
|
|
dsavedra1
Joined: 08 May 2010
Posts: 2
1.54 Dollars($)
|
|
Post subject: Last Resort |
|
|
| I've been trying to get my 1st mortgage modified for the past 2 years. I'm in a Neg Am Loan at 7.35%. The loan company was CountryWide and sold my loan to Private Lenders that decline the Obama loan programs, etc..and have been turning me down to rewrite my loan. I've been paying the neg am low paying payment that I can afford; I can't refi because my loan is $792,000 and my home has dropped in value to $860,000 so I would have to short sell. I want to stay in my home. All I need is a decent payment fixed. I'm a little in debt but can pay down my debt making my credit to 70.0 but I don't want to use that money to do this in case I have to move. If I were assured I could get a refi with a decent fixed payment I would. I'm at a loss and I need to do something very soon about this situation. I read about foreclosures and chapter 13, but I've always had good credit. Any thoughts on this would be appreciated. Thank you. |
|
|
adonis
Joined: 22 Oct 2005
Posts: 10242
Location: ALASKA
1042.50 Dollars($)
|
|
Post subject: |
|
|
Welcome dsavedra,
You need to check out if there is any equity in your property. If you have equity in it, then only the lender will be ready to refinance your mortgage. If there is no equity, then you will have to negotiate with your private lender to modify your loan. If your lender is not ready for a modification, then you will have to sell off the property through a short sale.
_________________
Procrastination is the enemy of your financial success |
|
|
Norma Michalak
Guest
0.10 Dollars($)
|
|
Post subject: Mobile home on rented lot, $36,900 |
|
|
| I want to finance the home if the rate is reasonable. However, the lot is not mine, and I am hearing the rates are 8.5% or thereabouts. Is this true? |
|
|
Previous 1, 2, 3, ... 6, 7, 8, 9, 10, 11 Next 
