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I want to buy a mobile home using 10% down this will be a second home purchase

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bdckwrth Joined: 17 Sep 2010 Posts: 1 1.00 Dollars($)	Posted: Fri Sep 17, 2010 1:06 pm    Post subject: I want to buy a mobile home using 10% down this will be a se Like 0 Dislike 0 need help have excellent credit only have 10% down and both husband and i are self employed need to use bank statements and taxes to prove more money is made can anyone help Thanks paula
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Sep 19, 2010 10:14 pm    Post subject: Like 0 Dislike 0 Hi bdckwrth, You can go for a FHA loan as you've only 10% down payment. If you want to go for a conventional loan, then the lender will ask you to go for PMI as you won't be able to pay a 20% down. Thanks

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