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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi
Do you have a good credit score? Due to the current market situation, the lenders now require you to have a good credit score to offer you loan. You can seek a no-obligation free consultation from the community lenders. I think they would be in a better position to help you in this regard. |
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scp72
Guest
0.10 Dollars($)
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| my wife and i are intrested in buying a mobil our credit score are very low right @ 500 but most of the things on the credit report is repeated or says charrge off and we have paid that loan in full and we have the title will any one be able to finance us in Texas? |
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shantelle
Guest
0.10 Dollars($)
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| I would like to re fi my mobile home but I would like to know what the requirements are for it to be hud approved.my trailer was built in 76. I have had a new roof and a new windows put in. but I need to know what else I can do to get it hud approved. thank you |
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Sue Ann Patterson
Guest
0.10 Dollars($)
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Post subject: Refinance my Mobile Home |
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I have a 2000 Home and I want to refinance it to get a lower interest rate.
My e-mail address is: "sue77ann@yahoo.com"
My home phone # is: 903-326-4410
Email address deactivated as per forum rules. Thanks.] |
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Jessica
Community Mentor
Joined: 08 Jun 2004
Posts: 808
Location: OHIO
435.69 Dollars($)
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Hi Scp,
I think your credit report isn't updated. Otherwise, why wouldn't it reflect a better score if you have paid the charge-off. If you think there's a problem with your report, you need to contact the credit bureaus and dispute the errors in your report. If required, talk to the creditors, pay off unpaid debt, and then remove the charge-off. After you dispute the inaccurate details, check your credit score again. If it is above 620, only then you can qualify for FHA mobile home loans. Otherwise, I'd suggest that you look out for personal property loans.
Hi Shantelle,
To check if your mobile home confirms to HUD requirements of building standards, just browse through the information available at http://www.mortgagefit.com/mobile-homeloan.html#qualify .
Hi Ann,
What type of a refinance mortgage are you looking for? Have you thought of any option as such? There are a variety of loan programs available. You can choose the FHA loan if you don't have any negative items such as collections, late payments and charge-offs on your credit report for past 1 year. But what's your credit score like?
The FHA has recently amended its credit score requirement to minimum of 620. However, you are free to explore conventional loan programs like the 30 year fixed rate mortgages or 15 year loans and the like. Just feel free to attend a no obligation free consultation with our community lenders who can guide on the right kind of mortgage that will suit you best.
Regards,
Jessica.
_________________
http://jessica.mortgagefit.com/ |
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i need help
Guest
0.10 Dollars($)
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on a loan of 33 what are my closing cost  |
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wontonsoup
Guest
0.10 Dollars($)
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Post subject: qualifying for mobile home purchase |
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My husband has been laid off 6 months ago and I'm a stay at home mom. We own a home that is worth below what we owe on it. My husband recently opened a business that is 2 hours away from our home. We are thinking of renting our current home and purchase a mobile home close to where my husband's business is. We want to know what are the chances of us getting a loan considering we haven't really make a significant income from the business yet.
Thank you in advance for your answer and suggestions.
Cary |
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jeff73
Guest
0.10 Dollars($)
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Post subject: mobile home loan |
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| my wife n i are trying to by a 1989 doublewide in a park the price is great but i have a credit score of 580 and she just started estblishing her credit a year ago.is it possble to get a loan |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi
Guest, different lenders charge different amounts of closing costs. Thus, it is difficult for me to say how much you will have to pay for the closing costs. You should check this with your lender.
Hi
wontonsoup, getting a new loan with no significant income will not be easy under present market condition. If your credit score is very good, it will work in favor of you. But you will still be required to have a significant amount of income to qualify. However, you can look out for a stated income loan. But getting such a loan at present will be tough. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2617
Location: MICHIGAN
415.55 Dollars($)
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Hi jeff,
Due to the economic depression, the mortgage industry has changed a lot. What used to be a good credit score is no longer considered good enough to qualify for a loan. A credit score of atleast 600+ is required now a days to get a loan offer at an affordable rate. You can, however, get a no-obligation free mortgage consultation with the lenders in this community. Some of them may be able to offer you a loan at a good rate and terms.
Thanks,
Jerry |
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Tasha Davis
Guest
0.10 Dollars($)
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Post subject: mobile home |
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| I want to purchase a 3 bedroom modular home that is already on a lot in a nice park.How do I go about doing that and at what bank? I have tried my own bank but it has to be on your own land. Can you please contact me soon as possible.Thankyou. |
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V. Becker
Guest
0.10 Dollars($)
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Post subject: loan |
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| I need a loan for a manufactured home in a 55+ community. I have 20% down money. The lot rent is 270.00 a month. Can you put me in touch with a couple of lenders? Thank You! I live in Manheim, Pa. 17545 |
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nomoretimes1@aol.com
Guest
0.10 Dollars($)
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Post subject: downpayment help |
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| is there any help on downpayments |
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jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
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Hi Tasha and V. Becker,
If you want to get a mobile home mortgage loan, the lenders would want you to be on the title to the land. If you do not own the land, it may be difficult to get a morgage loan. In that case, I think you should go for a personal property loan. This does not require you to own the land. If you have the title to the mobile home and a good credit and income, you can qualify for such a loan.
However, there are some lenders in this community who you can do a no-obligation free consultation with to know what kind of loan program will best suit your situation. If your profile matches their requirements, they will offer you free mortgage quotes as well. |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi
One of the main obstacles to home ownership is down payments and closing costs. There were down payment assistance programs like Ameridream, Nehemiah which offered downpayment assistance of upto 6% to homebuyer. But things have changed now and these programs are currently not available. So, low-down payment mortgages are now a good alternative. |
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