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smithsussane
Joined: 18 Sep 2008
Posts: 3709
Location: Alaska
556.69 Dollars($)
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Post subject: |
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Hi ingramhuffman!
Welcome to forums!
Did you check it out with other lenders? I think you should speak to a few lenders and check if they are ready to give you a loan. You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This will help you to know whether you will get a loan or not. You will also come to know about the type of rates you can expect to get.
Sussane |
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mar
Guest
0.10 Dollars($)
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Post subject: mobilehomeloanwithuglycredit |
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| I am looking for a loan to purchas a 3-4 year old 16 72 mobile home already set up in leased land park. I can purchase this home for only 16,000...however my credit is so ugly the banks won't talk...I am retired but have more than enough $to pay....help.....where can I look? |
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Niicss
Joined: 03 Oct 2005
Posts: 2617
Location: New Jersey
409.01 Dollars($)
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Hi mar,
If your credit is bad, then it will be difficult for you to get a loan. In order to get a FHA loan, you should have at least a score of 580 and if you want to take a conventional loan, you should have a credit score of 700-720.
You can try and improve your credit score first and then look for a loan. To know more about improving credit, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks |
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nannymelva50
Joined: 06 Mar 2009
Posts: 1
1.27 Dollars($)
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Post subject: Manufactured Home in Park Loan |
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We are trying to buy a 1985 Mobile Home. The price is 32,500 but the value is 64,900 so it is a good deal. We are having trouble finding a lender. We live in Washington State.
Thanks. |
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Dustin
Guest
0.10 Dollars($)
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Post subject: |
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| we are selling our house, which was a singlewide trailer, it was added on to, bricked completly, and got a new roof over all of it, now it is a 1700 sq foot brick house, that has nothing from the original moble home other than the frame unto the house, it is on 3 acres of land and is listed at 145,000 we found buyers and got our hopes up, they found a bank that said that they would loan them the money, and 3 weeks before closing. they said that they wouldnt loan us the money because it was a single wide, can you help us? |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Hi,
To nannymelva,
If your mobile home has a permanent foundation then I don't think you should face problems in getting a loan. You have mentioned that you are facing a trouble getting a lender. Did the lenders give you any reason as to why they do not want to fund you?
To Dustin,
You can contact other lenders and check if they will offer you a loan on your single wide. You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This will help you to know what type of rates you can expect to get.
_________________
Procrastination is the enemy of your financial sucess |
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Stacey
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0.10 Dollars($)
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Post subject: Construction on mobile home |
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We have a 1997 mobile home, on three acres that we own. We have an existing mortgage on the mobile home. We are wanting to add on and close it in with a full basement underneath. We have a great credit score and my husband makes about 50k a year. Is a construction loan possible for a mobile home? If so, what loan do you think would be best.
thanks,
Stacey |
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Guest
0.10 Dollars($)
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Post subject: |
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| I guess you will be able to get a construction loan if your credit score and financial situation is good. |
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mwalton001
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0.10 Dollars($)
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Post subject: 1969 Mobile Home |
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| Need $5000 loan - is it possible? |
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Myself
Guest
0.10 Dollars($)
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Post subject: mobile home with land purchase |
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| I have found a 1997 mobile home that sits on 1 acre very well maintained, asking price is 69,900.00. My ratio is close but banks will not loan on mobiles, I'm very frustrated and my car payment is causing alot of problems but cannot refinance because of auto loan value has went to nothing. I'm tired of being told no because it's a mobile, I really like this place and it's in my kids school district. Right now I live with my boyfriend so I pay no rent etc.. just would like to have own place, relationship is fine with boyfriend ha ha. Is there hope for me? I do have an app. in process with Rural Development but have not heard anything as of yet. I would need help with down payment and also would like low monthly payments. I know there has to be something out there to help me. My credit score is 660. I filed bankruptcy in 2003 discharged in 2003. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3709
Location: Alaska
556.69 Dollars($)
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Hi,
To mwalton!
I doubt whether lenders will be ready to give you a loan of such a small amount. You can take a personal loan of $5000 or else you can try and borrow the amount from your friends and relatives.
To myself!
It is not that lenders have stopped giving mortgage for mobile home. I would suggest you to speak to few more lenders in order to get an idea about the rates and terms of mobile home loan. In order to get the mobile home loan, the mobile home should have a permanent foundation to the ground. Moreover the land should not be rented. If you want, you can also speak to the lenders of this community and get a no obligation free mortgage consultation from them. This will help you to know what type of rates you may receive.
Sussane |
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Leo
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0.10 Dollars($)
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Post subject: Refinancing a Manufactured home that is a rental unit |
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I can't find any lenders that will refinance my manuf home because of 2 reasons, 1. I rent the home 2. Becuase I own the land it is on
Can anybody refer me to a decent lender? |
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Anneliese
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0.10 Dollars($)
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Post subject: Low Credit Financing for a mobile home in MI |
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| Hello, I am currently looking to sell my 1999 mobile home in Shelby West park. (home is not on a foundation). I am having trouble getting my potential borrowers financed. I am needing a lender who will work with someone with a 595 score and can't seem to find one. Can you help me find a lender to work with my borrowers? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Hi,
To Leo,
As far as I know, one of criteria to get a mobile home loan is that it should be situated on a land owned by you. So I'm quite surprised that lenders won't give you the loan because you own the land. As far as rented property is concerned, there are chances that the lender's won't give you loan as you do not stay in the mobile. You can speak to the lenders of this community and get a no obligation free mortgage consultation (check out Sussane's post above) from them. This will let you know what type of rates you can expect to get.
Hi Anneliese,
As the mobile home does not have a permanent foundation, I doubt whether lenders would finance it for anyone. One of the main criteria to get a mobile home loan is that the property should have a permanent foundation. You can ask your borrowers to look out for personal property loan in order to buy the mobile home. The personal property loans are available with the retailers who sell mobile homes.
Thanks |
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charles jacquot
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0.10 Dollars($)
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Post subject: refinanceing at 6041 california st brooksville |
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| I have a 1998 moble home 3 bedbed 2 bath on 2.40 ac with a fire place balance on home and land is 68.000 dollars with almost 7% interest pay 542.68 a month home and land is about 140.000 I am looking for lower payments and 30.000 dollars in cash to pay off bills I am retired and we make about 47.000 dollars a year thanks for your time charles jacquot |
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