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loan for mobile home

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fay

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Post Posted: Tue Jan 10, 2012 12:24 pm    Post subject: loan for mobile home
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can I use my land to get a loan to buy mobile home
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Icon Mini Profile chrisgummerson

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Joined: 29 Apr 2010

Posts: 704
Location: La Palma, CA
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Post Posted: Tue Jan 10, 2012 12:55 pm    Post subject:
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You can use your loan as collateral for a loan. you may want to check out community or local banks, commercial lenders or hard money private lenders. Good luck
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Chris Gummerson
Bay Valley Mortgage Group
bayvalleymortgage.com
714-367-5125
Icon Mini Profile adonis
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Joined: 22 Oct 2005



Posts: 10569
Location: ALASKA
1090.22 Dollars($)
Post Posted: Tue Jan 10, 2012 9:43 pm    Post subject:
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Welcome fay,

I agree with Chris. Your land can be used as a collateral in order to get a loan. However, you should have the required credit score and income apart from the land in order to qualify for a loan. This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out what type of rates and terms you may qualify for.

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