Mobile home loans - How to qualify and what are the options?

Author

Message

John Q

Post subject: Mobile Home loan

Hello, I have a mobile home title that is free and clear and would like to use it to get money out for home improvements? Its on a permanent foundation but would only like to use the house. Is that possible?

HelpMePlease

Guest

0.10 Dollars($)

Post subject: Mobile home loan

I have a mobile home where the axles have been removed and it sits on property that I own outright. My credit is not good. Obviously I have equity in the home/property since I own them both with no mortgage obligations. Is there a program ANYWHERE where i can borrow against this equity??????

Terry Bryant

Guest

0.10 Dollars($)

Post subject: new loan

My wife and I are looking at purchasing a property at Lake Mart** RV Resort in Dadeville, Alabama. This resort is a gated community with a beach, clubhouse, boat ramp and bath/laundry house. We are looking at a deeded lot with a 12 x 40 park model RV set up and tied down. It also has a large waterside covered gazebo and a U shaped pier with a boat lift. This would be a second home for us. The asking price is $185,000. Our household income is around $200,000 and we have a credit score around 800. Is this a type of loan your company makes?

Sandi

Guest

0.10 Dollars($)

Post subject: Financing used mobile homes

Are there any age limits on financing a mobile home? Meaning the age of the home.

need advice

Guest

0.10 Dollars($)

Post subject: protecting my mother on a mortgage she co signed

I bought a home with my ex fiance. He had proof of good income, but so so credit. I worked as a waitress and had excellent credit. Anyways, we could not get the loan unless we had another co signer. My mother, who had just purchased her first home, agreed to help us. My ex left and is not helping with payments at all. He says he doesn't care if the place forecloses(nice guy). Well I cannot afford it on my own and my mother cannot afford to help me. I would file for chapter13, but what will it do to my mother? Will the bank go after her home or retirement? Any info. I can get would be helpful. I am so scared about her losing everything she's worked for all her life. Please help if you know anything that can help. Thank you

NM1

Guest

0.10 Dollars($)

Post subject: mobile home financing

My friend wants to buy my mobile home. He needs to find financing for it. My mobile is not on a perm. foundation and his credit is only fair. Can he get a loan anywhere here in New Mexico to buy my mobile?

Rwk

Guest

0.10 Dollars($)

Post subject: Own home with discharged bankruptcy

I own my mobile home, it is located on privately owned land that is not mine. I would like to take an equity loan out, I understand that there are high interest rates, however I have other bills that I would like to pay off with the loan, Hospital...rent to own.....help from family.....who can I contact about this? Beacon Score is currently 552

JUAN RODRIGUEZ

Guest

0.10 Dollars($)

want to be home owner

Guest

0.10 Dollars($)

Post subject:

i own 3 acres and would like to use that as my down payment,so i dont have to come up with the cash, would i be able to do that?

award

Guest

0.10 Dollars($)

Post subject:

does a newer model mobile home have to have a foundation to be financed?

JosephNatale

Guest

0.10 Dollars($)

Post subject: Refinance my mobile home with leased land with cash out

we need a lower interest rate , and enough to pay off a high interest loan at Bof A . Also cash out amt. for repairs Thank you , Ann (we have good credit)

Jan

Guest

0.10 Dollars($)

Post subject: PMI

I am a little confused on private mortgage insurance. Our daughter is 24 yrs. old and purchasing her first home with a credit score of 750. The lender took her through Fannie Mae of which requested a 10% downpayment due to her "short credit history." (one car loan, apartment, one unused credit card) But still with a 10% downpayment she will pay a PMI attached to her loan payments. Is this common policy? Her debt to payment ratio is fine. Seems like she is being asked for alot of security. Would these requirements exist through all lenders going through Fannie Mae or just this particular institution? She has had the same employer for 2 years. Can you explain?

Brandi

Guest

0.10 Dollars($)

Post subject: Mobile Home Loan

My husband and I want to purchase a new mobile home, but have poor credit. Our credit scores are both in the low 500. We have 10,000 to put down on the mobile home and own the land where it will be going. Is it possible to get a loan? We need the loan as soon as possible.