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Karen Jump
Guest
0.10 Dollars($)
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 Posted: Tue Apr 18, 2006 7:37 pm Post subject: Need a loan |
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Dear Sir or Madam,
We would like to purchase a property for sale. It is a 1991 mobile home (singlewide) on 2.4 acres with a 30x50 garage in Vine Grove Kentucky. The problem is, the M/H is not on a permanent foundation, so we are having difficulty getting financing. We have 3,000.00 to use for downpayment. Please contact us if you finance this kind of property.
Thank You,
Dennis & Karen Jump
907-350-4387 Cell
907-336-7903 Home
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Need help choosing the right loan? Get free consultation from community lenders/consultant |
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Jessica
Mortgage Mentor
Joined: 08 Jun 2004
Posts: 613
Location: OHIO
97.71 Dollars($)
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| Posted: Tue Apr 18, 2006 9:39 pm Post subject: RE: |
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Hi Karen,
Welcome to MortgageFit Forums.
Our Community has a group of lenders offering a wide range of home financing options. And, you can easily choose the one you prefer for your mobile home.
But for that you need to sign up with us. As soon as you sign up with us, your loan request will be sent forward to our Loan Department and they will contact you as soon as possible.
Regards,
Jessica.
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Home buying made simple with Community booklet |
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Desparate Dan
Guest
0.10 Dollars($)
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| Posted: Wed Apr 19, 2006 9:53 am Post subject: Ocean Front Camping Resort Mobile Home |
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Hello,
I'm interested in purchasing a Mobile Home in an Ocean Front Camping Resort. My credit is horrible, I know that the value of the property will not depreciate due to the location, it is in Myrtle Beach S.C. one of the fastest growing areas in the country. What are my chances of getting 100% financing ?
Signed : Desparate Dan
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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Samantha
Moderator
Joined: 16 Sep 2005
Posts: 1441
Location: MASSACHUSETTS
118.98 Dollars($)
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| Posted: Wed Apr 19, 2006 11:12 am Post subject: |
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Hi Dan,
Welcome to MortgageFit Forums.
I would like to know how low is your credit score and the reason behind it. Why don't think of purchasing an apartment or a condo with 100% financing?
It is very difficult to get 100% financing on a mobile home with poor credit. I shall advise you to wait for some time and improve your credit score. This can be done with time and little effort on your part.
You may look for some sub-prime lenders to check if you can get an option but the rate will be quite high even if you get under this condition.
God bless you.
For Mortgagefit,
Samantha
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Know how to compare lenders with mortgage booklet |
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billy
Guest
0.10 Dollars($)
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| Posted: Tue May 30, 2006 2:53 pm Post subject: my credit score is 571 |
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| Hi , i have a credit score of 571 and i was late on 3 credit cards which have been charged off in 2000 and late 1999 and had a repo in early 2001, all this happen when my mother git sick and i was using most of my income to help her, anyways for the past 3 years since about mid 2003 i have been paying all my bills, 3 new credit cards and a car loan on time. i want to try to buy a new mobile home but i am wonding if with my credit score being only 571, should i wait at least anther year. See also my mobile home i have now, (which was a gift from my step dad who pass away), is in a park that is closing in a yr and i was hoping to get a new home.I am just trying to see if with my credit score and with my mobile home having a trade in value of about 11000 for a down payment, if at all i could get a loan, ANY ADVISE would be welcome, thank you |
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douglas
Guest
0.10 Dollars($)
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| Posted: Tue May 30, 2006 3:06 pm Post subject: |
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Hi Billy,
My sister closed on a new home with a score of about 570. They were required to put 30% down because of the score.
They could manage with money they got by selling another house. So, you too might qualify for a mobile home loan but the down payment requirement may be high. |
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blue
Joined: 21 Oct 2005
Posts: 1135
Location: MARYLAND
134.28 Dollars($)
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| Posted: Tue May 30, 2006 3:25 pm Post subject: |
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Hi Billy,
It's not easy to get a mobile home loan with a poor score. A score of 620 can be considered good for applying.
But you will find lenders to grant you a loan with a score of 570. May be you will have to make a large down payment and you won't get the convenient rates.
In my opinion you can wait for sometime and then apply so that you get better rates and options with your scores up.
If you wish to go ahead and buy now then, do some shopping around to find a lender with convenient rates. You can also sign up with this MortgageFit Community to help you find a suitable lender.
Blue
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Lets help each other. Try my blog |
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Tim
Guest
0.10 Dollars($)
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| Posted: Thu Jun 29, 2006 7:42 am Post subject: 2nd Mortgage on Single Wide Mobile Home |
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Hello,
We have a 1985 single wide home on 5 acres of land in Washington state. The mobile home is on a permanent foundation and the title is eliminated. We currently have an FHA 30 yr assumable loan on the mobile and the property. We are looking to sell and relocate, and wondered if the seller could assume our 1st loan and then get a 2nd mortgage on the single wide since the 1st mortgage has an interest rate that is below market rate? Are there any lenders that will do a 2nd mortgage on a single wide mobile on owned land?
Thanks for any help! |
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Caron
Moderator
Joined: 19 Jul 2005
Posts: 1322
Location: florida
218.39 Dollars($)
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| Posted: Thu Jun 29, 2006 7:56 am Post subject: RE |
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Hi, Tim
Welcome to MortgageFit Forums.
Our Community has a group of lenders offering a wide range of home financing options. And, you can easily choose the one you prefer for your mobile home.
You need to do a no obligation loan sign up with us. As soon as you sign up with us, your loan request will be forwarded to our Loan Department and they will contact you as soon as possible.
Regards,
Caron |
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RoyalleLook
Guest
0.10 Dollars($)
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| Posted: Fri Jul 28, 2006 4:51 pm Post subject: |
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| Often I find that modular homes and mobile homes are mentioned side by side. Are they same? |
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colin
Moderator
Joined: 30 Jun 2006
Posts: 602
Location: Waltham, Massachusetts
112.61 Dollars($)
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| Posted: Fri Jul 28, 2006 5:00 pm Post subject: |
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No they are different. Mobile or manufactured homes are always built maintaining the HUD and it doesn’t matter where it’s going to be delivered.
A modular home is built according to the building codes required at the specific location where it will be delivered to.
Thanks,
Colin |
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joy
Guest
0.10 Dollars($)
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| Posted: Mon Jul 31, 2006 11:56 am Post subject: refinance |
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have doublewide on two acres, filed bankruptcy 2002 discharged 2003
chapter 7, husband credit score is bad still 599 maybe, never been late on payment, last three years payment has been on time, we have a 5year adj. loan wont on 15 fixed house payment has always been on time can you help? |
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sara
Joined: 05 Jul 2006
Posts: 934
Location: New Brunswick, New Jersey
178.88 Dollars($)
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| Posted: Mon Jul 31, 2006 8:49 pm Post subject: RE: |
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Hi,
It's a good thing that you have always made timely payments. Lenders do consider this while approving the loan. Anyway, you can go through the directory of Ranked Lenders at this Community and search for the lender who can suit your requirements.
Thanks. |
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Jessica
Mortgage Mentor
Joined: 08 Jun 2004
Posts: 613
Location: OHIO
97.71 Dollars($)
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| Posted: Mon Jul 31, 2006 9:01 pm Post subject: RE: 5 year adjustable to 15 year fixed rate mortgage |
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Hi,
Welcome to the forums.
I find that your credit score isn't fair enough but then you have been regular on payments. So, I think it won't be that difficult for you to qualify for a mortgage.
Our Community comprises of a group of ranked lenders offering various types of loan programs to people with good as well as low credit. If you are interested in availing such services, go for a no obligation free loan sign up with us.
As soon as you sign up with us, our Loan Department passes on your details to different lenders so that your requirements can be matched with the lender profile. The Department shall then contact you as soon as possible.
Read through our Privacy Policy and How we follow up so that you can go through a simple loan process.
Regards,
Jessica.
_________________
Home buying made simple with Community booklet |
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Barb
Guest
0.10 Dollars($)
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| Posted: Sun Nov 19, 2006 5:14 pm Post subject: Need help finding a mortgage for a mobile home |
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Hi,
I need help finding a mortgage lender for a mobile home in a rented lot in NJ. I filed bankruptcy and was discharged Sept. of 2005. My credit score is around 680 now and I already have been building my credit up with 2 credit cards which I owe less than $200 on. I have been at my job 4 years and make about $45k a year. My fiance makes the same but has poor credit.
What is the best way to try to qualify? |
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