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jenkin7
Joined: 04 Jun 2007
Posts: 4320
Location: Hawaii
683.42 Dollars($)
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Hi Carol,
How long has your mobile home been listed on the market? Is it in good condition? With the way the economy is at present, it is not easy to find a potential buyer. If your home is listed for a long time with no success, you can lower the sale price a bit and see if it attracts any buyer.
Hi Sandi,
It is difficult to get no income verification loans in this economy. Lenders are more cautious than before while approving loans. Most lenders would not want to offer loans if the borrower cannot show a verifiable source of income. Some lenders may still offer such loans. But the borrower needs to have a very good credit score and a good amount of down payment to qualify for such a loan. What is your buyer's credit score? How much down payment can he/she make? |
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savior70
Joined: 25 Mar 2009
Posts: 1783
Location: Florida
239.40 Dollars($)
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To tmbrown,
Do you mean you want to purchase the mobile home and pay off the existing loan on it? Have you contacted the actual owner of the home? What is the balance on the existing mortgage? Do you qualify for a loan? What are your credit score and approximate income?
To Rodney,
A 9.75% interest rate is too high. You ought to look for ways to refinance into a lower rate. Your lenders will check various factors before offering you a loan. You haven't mentioned your credit scores. What are your scores? The refinance will involve closing costs. Have you saved for those costs? Have you been current on your existing loan?
To Barnacle,
It's a good idea to get a mortgage on your manufactured home and pay off the home equity loan on your primary residence. If the mobile home is paid for and you hold the title free and clear, there should not be any problem in refinancing. How good is your credit score? Do you have some down payments ready? What is your DTI ratio? |
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brenda.perrtow@cubic.com
Guest
0.10 Dollars($)
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Post subject: BUYING A HOME |
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| WHAT DO I NEED TO DO TO GET A LOAN ON 65,000 PURCHASE |
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savior70
Joined: 25 Mar 2009
Posts: 1783
Location: Florida
239.40 Dollars($)
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To brenda,
There are lenders in this communiyt who can hel you with a loan to purchase the home. But you need to disclose a little more information so they can help you. What are your credit scores and approximate income like? Are you going to buy only the home or the land as well? how much down payment have you saved? |
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Sassy
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0.10 Dollars($)
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Post subject: need to get a financed for a manufactured home |
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| My mother in law who lives in AZ wants to buy a house for me and my husband and we live in TN. Can she buy the house for us? The manufactured home sits on 11 acres with a permanent foundation. It was built in 1993. Her credit is perfect but ours isn't so we wouldn't be on the loan just her. We love this property and are having a hard time finding someone to do financing for us since she lives out of state. If you can't help can you please tell me of someone who can? We want to start a family and this would be the perfect the perfect area. Thanks |
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Gram
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0.10 Dollars($)
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Post subject: would like to refinance |
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| Ihave a 1997 single wide mobile home in a park. When I first got my mobile home I had just come out of a messy divorce. My credit was not good at all, so I ended up with a high interest rate. I have been paying for 9 years on this loan and I'm sure what I'm paying now is all interest. I really need to get my payment down to an affordable rate. Could you point me in the right direction? |
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Gram
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0.10 Dollars($)
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Post subject: addition to above message |
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| I forgot to mention my credit score and my work history. My credit score now is 630 and I was at my last job for 5 years and my current job for almost 4 years. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1849
Location: MICHIGAN
283.84 Dollars($)
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Hi Sassy,
Since your mother-in-law lives out of the state, it will not be considered as her primary residence and the lenders won't be willing to offer residential mortgage on it. How bad is your credit? Is it not possible for you to be the primary borrower, with your mother-in-law co-signing on the loan?
You may also seek a no-obligation free mortgage consultation with the community lenders. They will be able to tell you if your mother-in-law can qualify for a loan to make the purchase, even though she's out of state. They will also be able to assist her in choosing the right kind of mortgage that will suit her and your requirements.
Hi Gram,
You can refinance the mobile home and take advantage of the low rates. You have got a good credit score, though not excellent. Your work history is also good. Do you have any derogatory items on your credit like late payments etc? Have you saved some money to pay for the closing costs during the refinance?
Thanks,
Jerry |
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Shank123
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0.10 Dollars($)
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Post subject: Mobile home financing |
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| I need to find a lender who will finance a mobile home for me. My credit score is above 550 due to hospital collections. I have no late payments on my mortgage or truck note. Help me find someone please |
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Kertetter
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0.10 Dollars($)
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Post subject: Loan Issues |
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| I am having problems finding a place to get a loan on a 1986 trailer with a full foundations on 3 acres of land. I'm finding most place won't finance this...where can i go to get a loan? Also, I have no money saved for down payment/closing costs |
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roger fowler
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0.10 Dollars($)
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Post subject: MOBILE HOME FINANCING |
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| I HAVE FOUND A 2002 SINGLE WIDE THAT I NEED FINANCING FOR. PLEASE ADVISE WHERE I COULD FIND FINANCING. |
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Al
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0.10 Dollars($)
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Post subject: Home Improvement LOan For Manufactured Loan |
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| I need some kind of a home improvement loan so I can replace the roof of my house. In Florida you can't get a home equity loan on a manufactured home. Help |
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Lindsey
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0.10 Dollars($)
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Post subject: loan on a mobile home |
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| I would like to know what to do!Me and my husband pay $500.00 dollers in rent but I found a mobile home for $16,900 and would like to buy it. The problem is that our credit score was 475 and we paid somethings off to try and rebuild it. I would like to know were to get a decent loan for about $18,000 because we have to move it also. |
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marc
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0.10 Dollars($)
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Post subject: FHA Title 1 insured home only manufactured home lender, HELP |
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Hi everyone!
I am looking for a Title 1 lender for a new or used mobile home in California. Home only on leased (employer supplied) land.
I downloaded the "approved" Title 1 lender list for California from the HUD website (260 lenders listed). I have called about 20 so far. They ALL say that NOBODY does Title 1 loans. Some mention extra hassles, not very profitable, nobody to buy the loan etc.
I called the FHA 1-800-callfha. I asked for the names of some lenders who have actually submitted a Title 1 loan to them over the last few months. They say they don't keep that info! Does anybody know anyone who is actually making these loans? |
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hayes
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0.10 Dollars($)
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Post subject: help |
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| Our mortgage is with Vanderbilt and we are looking for some help. We are behind. uwhirl90@sccoast.net this my email address |
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