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dr
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0.10 Dollars($)
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Post subject: rual development 502 |
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| I am wanting to buy a double wide and put it on my daughters land. Can i get a 502 rual development loan if I lease a spot? |
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jenkin7
Joined: 04 Jun 2007
Posts: 3421
Location: Hawaii
512.47 Dollars($)
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Post subject: |
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Hi dr,
As far as I know, there is no eligibility requirement that states you need to own the mobile home lot in order to qualify for the 502 direct loans. You can place your mobile home on your daughter's land. But the manufactured housing must be permanently installed and it should meet the HUD Manufactured Housing Construction and Safety Standards and other required standards. |
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soapstk
Guest
0.10 Dollars($)
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Post subject: refinance |
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| yes my bouble wide is a 2003 and in very great cond i wanted to refinance theres no morage on it wanted to do a consoladation is there a loan company out there to help me and iam in a park |
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savior70
Joined: 25 Mar 2009
Posts: 1416
Location: Florida
167.66 Dollars($)
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Post subject: |
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Hi,
Your mobile home is not too old. If it is in a good condition, you can use it as collateral and take a loan against it. There are companies that offer loans to help you consolidate your debts. You have not mentioned other factors like credit scores etc. What is your credit score? How much is your approximate income? How much of debt obligations do you currently have? What amount of loan are you looking at? |
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selling
Guest
0.10 Dollars($)
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Post subject: selling my mobile home |
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| Heard that the banks will not finance mobile home thats oler than 10 years old. Is that true? Ours is 9 years old and looking to relocate. wondering if we should try to sell soon. |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
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Post subject: |
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I do not think thats ture
Check with some of the lenders on this forum |
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savior70
Joined: 25 Mar 2009
Posts: 1416
Location: Florida
167.66 Dollars($)
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Post subject: |
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To selling,
I’ve not heard of any such thing. As far as I know, if your mobile home is not older than 1976, is in good condition and complies with the HUD specified construction and safety standards, you should be able to get a loan against you home. However, if your mobile home is treated as a non-real estate property, it will depreciate in value over the time. Hence, the older it will get, the more difficult it will be to get a loan against it. |
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Darline Smith
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0.10 Dollars($)
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Post subject: Refinance |
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| Hello I would like to refinance my Manfacture Home to a lower rate, yes I do have great credit, I'm looking for a lending to refinance my loan for around $95,000.00. |
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Rocketstocktrader
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0.10 Dollars($)
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Post subject: Construction loan |
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| What lenders are providing construction financing for a manufactured home. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1773
Location: MICHIGAN
264.99 Dollars($)
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Post subject: |
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Hi Darline,
If there’s enough equity in the home and your credit scores are good, you can surely go for a refinance at a lower interest rate. The rates on fixed rate mortgages are quite low these days, so it will indeed be a good time to refinance. You need to check with your local lenders if they can offer you a refinance loan at a lower rate. I think it will also be a good option for you to seek no obligation free mortgage quote from the community ranked lenders. They will check your credit score, your income and other required factors. If you do qualify for the refinance, they will offer you free mortgage quotes.
Hi Rocketstock,
I think the lenders are better positioned to answer this query. You may seek a no-obligation free mortgage consultation with the community lenders regarding this. A consultation with them will be worth your while as they are the right people to guide you in situations like this. If any of the community lenders do offer construction financing, they should be able to offer help to you. They should also be able to refer you to some other lenders who do such financing, in case they themselves do not originate such loans.
Thanks,
Jerry |
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Myra Eagle
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0.10 Dollars($)
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Post subject: Mobile (co-op) loans |
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| Hello: I am a real estate broker for a resident owned community in North Port, FL searching for full and/or partial loans and/or mortgages to offer my buyers for thier purchases. Please call 941-426-0666, if you are able to offer loans and/or mortgages or can refer my buyers to a lender. |
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help
Guest
0.10 Dollars($)
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Post subject: Cannot get approved |
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I want to purchase a mobile home in the park with or without the lot. My credit score is 633 and i have no open credit. How can i get approved for the loan?Please let me know. Thank you so much.
Sincerely Yours
Derek Wood
[Email address deleted as per forum rules] |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
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Post subject: |
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| Help you need to contact yoru bank or any local agency who can ledn you the money |
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Marian
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0.10 Dollars($)
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Post subject: mobile home refinancing |
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| What credit score is required to get a loan? What would the interest rate be? |
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BRAYDENSMOM
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0.10 Dollars($)
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Post subject: TRYING TO BUY A MANUFACTURED HOME AND LAND |
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| I AM TRYING TO BUY A MANUFACTURED HOME WITH LAND ON THE SAME LOAN...MY PARENTS ARE WILLING TO HELP MY HUSBAND AND I BUT WE ARE HAVING TROUBLE FINDING A LENDER THAT PROVIDE LOANS FOR MANUFACTURED HOMES....PLZ HELP..... |
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