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

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vatthana souvannasane

Guest






0.10 Dollars($)

Post     Post subject: Buying use mobile home

I would like to get a mobile home loan. I wanted it to be the price of the (min) of $10.000 to (max) of $20.000 use mobile home. can you please help me with the loan.
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Mini Profile  cliff3
cliff3
Community Expert
Community Expert


Joined: 05 May 2008
Posts: 328
Location: Houston

75.44 Dollars($)

Post     Post subject:

Welcome to the site there are several professionals on this site that will be able to help you.
_________________
Cliff Pape
Market Analyst
www.home-buddies.com
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Mini Profile  larry




Joined: 27 Jun 2007
Posts: 3322


474.67 Dollars($)

Post     Post subject:

Hi vatthana.

Welcome to the forum.

Can you say some thing about your credit and employment history? It will help us to suggest you better.

BTW you can request for no-obligation free mortgage quote from the community lenders. You just need to give minimum details.

Hope someone will help you out.

Best of luck,
Larry
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Mini Profile  cliff3
cliff3
Community Expert
Community Expert


Joined: 05 May 2008
Posts: 328
Location: Houston

75.44 Dollars($)

Post     Post subject:

Hi larry,

I knew you would be able to help you are awesome! Very Happy

_________________
Cliff Pape
Market Analyst
www.home-buddies.com
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TANVEER

Guest






0.10 Dollars($)

Post     Post subject: LOAN FOR HOME

HI,

I WANT TO KNOW THAT HOW CAN I GOT THE MOBILE LOAN FOR MY NEW DREEM HOUSE IN MY VILLAGE AT INDIA - RATNAGIRI - KHED.

I WANT TO KNOW I CAN GET OR NOT GET?

IF I CAN THEN TERMS AND CONDITIONS....ETC.



REGARDS,
TANVEER.
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Mini Profile  adonis
adonis



Joined: 22 Oct 2005
Posts: 10250
Location: ALASKA

1043.57 Dollars($)

Post     Post subject:

Well I suppose you'll have to contact a local lender there in India.
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Procrastination is the enemy of your financial success
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Mini Profile  cliff3
cliff3
Community Expert
Community Expert


Joined: 05 May 2008
Posts: 328
Location: Houston

75.44 Dollars($)

Post     Post subject:

Yea that makes sense adonis.
_________________
Cliff Pape
Market Analyst
www.home-buddies.com
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Ilse Leiker

Guest






0.10 Dollars($)

Post     Post subject: selling our mobile home

hi there..
My mohter recently passed away and we are trying to sell he mobile home. (Calif.) The park owner requires buyers to show financial proof of 4 times the amount of the pad rental fee. Is this standard?
Thank you very much for your time.
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loanamount

Guest






0.10 Dollars($)

Post     Post subject: Loan amount

I was reading your response to Tellta on Sept 12 and it stats that the loan can not be less than 20,000. I had a loan that I was looking to refiance for a better interest rate but it's less than 20,000 about 18 or 19 is my current balance. Is there anything I could do or am I now stuck. I've purchased the home at 25,000 five years ago. Does this mean I'm now stuck?
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Mini Profile  larry




Joined: 27 Jun 2007
Posts: 3322


474.67 Dollars($)

Post     Post subject:

Hi Leiker.

I am not aware whether it is the standard or not but even if it is a standard then it may vary from one state to another.

Hi loanamount.

I think that the maximum limit is $ 20000, So you should be able to refinance. Have you contacted with any lenders. If not then you should shop for lenders. You can even ask for no-obligation free mortgage quote from the community professionals to get better rates and terms.

Hope it helps. Feel free to ask if you have any further questions.

Best of luck,
Larry
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Fran studiopb@yahoo.com

Guest






0.10 Dollars($)

Post     Post subject: Mobile Home Purchase in Park on rented land

Since I never expected to be able to afford a home, I pay for everything. Consequently, I have no credit. I have more than enough documented income to afford a mortgage of 20,000. I've been paying 1200 mo in rent for 4 yrs. Can you help me ?

Thank you for your prompt response.
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Mini Profile  Niicss
Niicss



Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey

499.28 Dollars($)

Post     Post subject:

Welcome Fran.

Are you saying that your credit is bad? If so then how bad is your credit? To get approve for a mobile home loan your credit should be around 680. If your credit score is lower than that then you should try to improve your credit. I feel you should check out the Credit Repair Tool to analyze and fix your Score at http://www.mortgagefit.com/calculators/credit-repair.html

Let me know if you have any further queries.

_________________
Good is the Enemy of Great.
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ssq

Guest






0.10 Dollars($)

Post     Post subject: want to purchase a double wide mobile home with poor credit

can u advise me of a lender who will finance a doublewide mobile home with poor credit score due to divorces as such. i am not afraid to pay the high interest. can u refer me to a lender that will help me get in a home
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Mini Profile  sara
sara
Moderator


Joined: 05 Jul 2006
Posts: 2645
Location: New Brunswick, New Jersey

488.43 Dollars($)

Post     Post subject: RE: lender for mobile home loan

Hi Ssq,

Welcome to the forums.

Can you tell me how bad your credit score is? I guess it's better if you can repair it and then look for a loan on your mobile home. There are lenders who offer free services in repairing credit when it comes to providing loans to poor credit borrowers. So, yes, you can start shopping for the right loan. What you can do is, look for no-obligation free mortgage quotes from the lenders in this community. To know what happens after requesting for quotes , please refer to the Mortgage quote page.

Take Care
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seller

Guest






0.10 Dollars($)

Post     Post subject: financing

I have an interested buyer for my 1983 skyline double-wide manufactured home. He has a credit score above 600 but I don't know how much above. The price is $25,000 and he has $5,000 to put down. He has a pension and social security as income (he is disabled). He is having a difficult time finding financing. The home is in a park (on rented land). He is looking for a 10 yr personal property loan. Why can he look that he would qualify?
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