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Faith Realty
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0.10 Dollars($)
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Post subject: financing |
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| Which banks or finance companies will finance mobile homes in Kansas? This home is on a full basement. I have this home listed and need to know where to send people to get financing. |
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mamasbabies2009
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0.10 Dollars($)
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| My husband and I are wanting to get a loan to buy and fix up the mobile home and detacted 2 car garage that we are currently residing in. Both of our credit scores are around 520. We were wanting to use the property that it sits on as our down payment. Is there anything you could do for us? |
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Joe B
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0.10 Dollars($)
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Post subject: financing |
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| I had a bankruptcy discharged in January 09 , would I be able to get a mortgage for a new manufactured home on a leased lot. My income combined with my wife's is 65k. Could you give me info on down payment and if 20 or 30 year loans are available? Thanks |
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Brittany Ellis
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0.10 Dollars($)
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Post subject: Have no credit first time buyer |
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Im a first time buyer im 18 i have no credit i have land to put a home on im looking for a possiable used trailor i have $3,000.00 to put dwn on one if u could help me in any way i would really appricate it. Thank You Very Much, Brittany Ellis
[Email address deleted as per forum rules] |
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Hugo Sanchez
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0.10 Dollars($)
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Post subject: Mobile home & land financing |
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I am a Real Estate Broker/Realtor. I am listing for sale a double wide with a 1 acre land in Texas. Where can I get financing for customers on this?
Thank you.
[Email address deleted as per forum rules] |
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dogonbad72@yahoo
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0.10 Dollars($)
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Post subject: loan with out land |
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| my mother ownes the mobile home and the land in which her mobile home is located. i have lived in it for 9 years and i am macking the payment on it . because of the road frontage we cant split the land. my question is can i get a loan on the mobile home to get it out of her name with out having any land as collatiral? i dont plan on moving it. it is a 2001 double wide |
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duderone
Guest
0.10 Dollars($)
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Post subject: selling a mobile to a vet |
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| I have a vet who would like to buy my 1985 double wide mobile on a city lot. It is not on a concrete foundation but strapped down as required at the time. Will a full foundation be required for a VA loan for this home to be eligible for this vet to get a VA loan. We are located in Washingto state |
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MKNAPP
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0.10 Dollars($)
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Post subject: question |
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| we are wanting to buy a manufactured home that is already in a trailor park. Is there any loan out there that we can get for that? Or does it have to be a manufactured home we buy and then put on the lot? |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Post subject: |
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To MKNAPP,
In case you are planning to get a mobile home mortgage loan, you need to have a home that has a fixed foundation and you also need to own the land. Bu if you want to buy a mobile home that is already in a trailer park, you have the option of going for a personal property loan, also known as chattel loans. Though, the interest rate on such a loan would be higher than that on a mobile home mortgage loan.
To duderone,
As far as I’m aware of, the mobile home needs to have a permanent foundation to qualify for an FHA or a VA loan. What FHA or VA offers is mobile home mortgage loans, which requires the property to be based on a permanent foundation. If the property doesn”t have a permanent foundation, he can go for a personal property loan. However, it”ll be worth his while to consult a VA-approved lender regarding this.
To dogonbad,
You can get a mobile home loan as long as you have good credit score and can afford the payments. You can also refinance the loan in your name to remove your mother from the current loan. You don’t need to put your land as collateral for this purpose. However, you do need to put a minimum amount of down payment to qualify for a loan. If you have 620 or more credit score, you can apply for FHA Title 1 loan. It requires you to put down 3.5% only.
To Hugo Sanchez,
Is the home based on a permanent foundation? How good is your customer,s credit? How much can they put down on the loan? All these factors are taken into consideration by a lender before approving a loan. So, can you disclose some more information so that I can give a specific answer to your query and guide you in the right direction? |
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kb sherlock
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0.10 Dollars($)
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Post subject: Can I use owned land as down payment |
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| My credit score is under 600, due to a few old debts, I think. Currently, I own an old mobile home and the large lot that it sits on outright. Is it possible to use the land as down payment on fixed rate mortgage to purchase a newer mobile home? |
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MJ
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0.10 Dollars($)
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Post subject: |
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| I am interested in refinancing my mobile home (single wide) and adding the land note to it which is separate |
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steffaniesorenson
Joined: 06 Aug 2009
Posts: 2
2.11 Dollars($)
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Post subject: |
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want to refinance older mobile on permanent foundation, with a guest house and 1/2 acre domestic well, sewer, two sheds, appraised May 2009 at 130000 owe 28000 to private owner, wish to refianance to pay off debt and do some improvements looking for $65000.00 at a interest rate less than 7 percent. any one anywhere Thanks "steffaniesorenson@msn.com"
I have good credit 703 transunion and 690 equifax
[Email address deactivated as per forum rules] |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2619
Location: MICHIGAN
415.87 Dollars($)
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Post subject: |
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Hi Sherlock,
You will find it difficult to get a loan with a credit score of less than 600. Credit requirements are stricter than before due to the market condition. Anything less than 620 credit score virtually disqualifies you for a mortgage. You also need to come up with some money from your own source to make some down payment. Lenders do not want to use land as down payment for a loan.
Hi MJ,
You can refinance your mobile home, provided it is in habitable condition and you qualify for the loan. What are your credit scores with the 3 credit bureaus? How much equity you have in your home?
Hi Steffanie,
Your credit scores are good. You ought to be able to get low interest rates on your loan. The amount of down payment you make and upfront discount points you pay also determine the interest rate on your loan. There are lenders in this community. You can seek a no obligation free mortgage quote from them. After assessing your financial situation, credit scores and various other factors, they will offer you free mortgage quotes, provided you qualify for a loan. The quote will give you an idea about what sort of interest rates you can expect on your new loan.
Thanks,
Jerry |
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angie clark
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0.10 Dollars($)
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Post subject: mobile home loan |
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| my husband and I have been purchasing a 1996 clayton m. home frome an individual on contract at 12% interest. Our pur. price was 19000. We have paid 5yrs. on it and owe a little over 11000. on it. It sits on rented land and the wheels and axles have been removed. We now rent it to our son, and we are really wanting to get a loan on the bal. We need a lower interest rate and the lady we are buying it from wont budge. What can we do? |
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nanacc
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0.10 Dollars($)
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Post subject: used loan |
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| how do i find out where to get a loan for a used mobile home in Portsmouth, OH? |
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