Mobile Home Question

Author Message
Icon Mini Profile keeneykerryann




Joined: 14 May 2009

Posts: 1

1.00 Dollars($)
PostPosted: Thu May 14, 2009 4:09 pm    Post subject: Mobile Home Question

My husband and I own a 1958 single wide mobile home on concrete slab with additions on 2 acres of land. We have never had a mortgage on the property. We are wondering what options we have as far as loans. We're thinking of taking down the home and replacing with a newer model could you tell us what our options are. We live in Massachusetts and the property is grandfathered so we can put a new mobile home on the property. It has town water and private septic. Is there any help out there for our situation our credit score is poor at this time.
Icon Mini Profile jenkin7
jenkin7



Joined: 04 Jun 2007

Posts: 3429
Location: Hawaii
514.13 Dollars($)
PostPosted: Fri May 15, 2009 1:04 am    Post subject:

Hi keeneykerryann,

You can definitely go for a new mobile home. There are various options available to finance the purchase of the mobile home. But given the present market condition, the credit requirements are more strict than before. A minimum of 600-620 scores are now required to qualify for a new home loan. What is your score? is it below 600?
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk



DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0