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seller
Guest
0.10 Dollars($)
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 Posted: Wed Aug 20, 2008 9:13 am Post subject: financing |
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| Oh, the home is in Utah (if that makes any difference) |
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larry
Joined: 27 Jun 2007
Posts: 3328
473.51 Dollars($)
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| Posted: Sat Aug 23, 2008 4:54 am Post subject: |
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Hi seller.
Welcome to the forum. I think the buyer need to have 680 or above credit score. So he should try to improve his credit first. BTW he can approve with mid 600 score but the rate will be higher.
Best of luck,
Larry |
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carolynmora
Joined: 24 Aug 2008
Posts: 1
1.42 Dollars($)
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| Posted: Sun Aug 24, 2008 1:59 pm Post subject: mobile refinance |
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| I own a 1979 double wide that is paid for. I need a loan of $25,000. I have spent the last two years caring for my mother who has recently passed away. We lived on savings. Now I am left with trying to reestablish my life and need to pay off some credit cards and use the rest of the money to subsidize my income while I am building my business. I have begun a new career as an insurance agent. The prospects are outstanding, I just need money to pay my bills until the business pays off. I don't want my credit rating to fall any further (640). Any hope? |
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jenkin7
Joined: 04 Jun 2007
Posts: 939
140.80 Dollars($)
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| Posted: Mon Aug 25, 2008 6:02 am Post subject: |
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Hello carolynmora .
Welcome to the forums.
Do you want the loan against the mobile home? It is tough to get loan against old mobile homes. BTW you should improve your credit score to 680 or more. |
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Mekare
Guest
0.10 Dollars($)
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| Posted: Wed Aug 27, 2008 12:36 pm Post subject: Purchasing |
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| Hi, my boyfriend and I are looking into buying a mobile home. That one I'm looking at right now is $40,000 on rented land. Last time I checked, my credit score was 720 and his was in the 700s as well. The problems: I have a decent amount of debt (almost 7 grand) and even though my boyfriend has a high credit score, he doesn't have that much credit to begin with. I recently began a new job a month ago (in the same field for over a year) and his employment history is job changes every year or so. How hard is it for us to get a loan? Our jobs combined make about $55,000 yearly. |
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Niicss
Joined: 03 Oct 2005
Posts: 1279
Location: New Jersey
191.71 Dollars($)
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| Posted: Thu Aug 28, 2008 5:55 am Post subject: |
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Welcome Mekare.
Both of your credit score are excellent and you have good income too. So you should be able to get the loan. Why don't you apply for no-obligation free mortgage quote from the community lenders.
_________________
Good is the Enemy of Great. |
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suzieq
Guest
0.10 Dollars($)
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| Posted: Thu Sep 04, 2008 4:50 pm Post subject: loan against land and mobile home both owned free and clear |
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| loan with doublewide home and land as collertal already paid for free and clear. not on permanent foundation, but no tongue or axles attached, anchored down in concrete, and underpinned. |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1539
Location: MASSACHUSETTS
137.28 Dollars($)
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| Posted: Fri Sep 05, 2008 5:10 am Post subject: RE: |
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Hi Suzieq,
Welcome to the forum.
I don't think you'll be able to qualify for mobile home mortgages without a permanent foundation. But you may qualify for personal property loans, though they come along with high rates of interest.
Hope this helps....
May god bless you.
Samantha
_________________
Know how to compare lenders with mortgage booklet |
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prplpny02
Guest
0.10 Dollars($)
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| Posted: Sat Sep 06, 2008 7:58 am Post subject: Refinance my current mortgage |
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Hi!
I currently have a mobile home and would like to refinance for a lower rate. This home does not have a permanant foundation and is on land. I filed bankruptcy 2 yrs. ago. Can I get help?
Thanks! |
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sara
Joined: 05 Jul 2006
Posts: 1206
Location: New Brunswick, New Jersey
223.95 Dollars($)
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| Posted: Mon Sep 08, 2008 4:33 am Post subject: |
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| When did you get the discharge from bankruptcy? without a permanent foundation, it's difficult to get a mortgage. Better try for personal property loans. |
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ROGER,LINDA FARMER
Guest
0.10 Dollars($)
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| Posted: Tue Sep 09, 2008 8:15 pm Post subject: PURCHASING DOUBLEWIDE |
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OUR CREDIT IS POOR BECAUSE OF A ROGER'S MEDICAL BILLS.YOU CAN CHECK WITH WASHING MUTUAL MORTAGE, WHERE WE HAD OUR LAST HOME LOAN BEFOR MOVING FROM VA. TO WV AND WE NEVER MISSED A SINGLE HOUSE PAYMENT.
SINCERLY,
ROGER & LINDA FARMER |
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Jessica
Community Mentor
Joined: 08 Jun 2004
Posts: 732
Location: OHIO
134.78 Dollars($)
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| Posted: Wed Sep 10, 2008 4:55 am Post subject: |
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Hi FARMER,
Welcome to our community forums.
I think you're going for a mobile home loan in order to purchase a doublewide. You said your credit is poor. But let me know how poor it is. If it is somewhere between 550-580, you can qualify for FHA mortgages. However, there are a variety of loan options to choose from. And, it's good that you didn't miss a single payment.
You can go for a no-obligation free loan consultation with the lenders in our community. The lenders will analyze your situation based on which they'd offer you a loan that you can afford.
Regards,
Jessica.
_________________
Home buying made simple with Community booklet |
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bigggmike
Guest
0.10 Dollars($)
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| Posted: Wed Sep 10, 2008 6:51 pm Post subject: investment mobile home loan |
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| i have a rental property that is a mobile on a acre with a well,the loan is fixed until 4/09 i need to lock in on a fixed rate, who will work with me if my credit score is above 700 |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1539
Location: MASSACHUSETTS
137.28 Dollars($)
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| Posted: Thu Sep 11, 2008 12:51 pm Post subject: |
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Hi Bigggmike,
You have a good score indeed.  But if it's a rental property, I don't think you'll qualify for a mobile home loan. but you can go for personal property loans offered by mobile home retailers. Though such a loan may be available at higher rate of interest as there's no collateral involved, yet it's an option worth considering.
| Quote: | | the loan is fixed until 4/09 |
Didn't get this clearly; can you please put down some more details?
may god bless you.
Samantha
_________________
Know how to compare lenders with mortgage booklet |
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Sue
Guest
0.10 Dollars($)
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| Posted: Fri Sep 12, 2008 9:03 am Post subject: new mobile/modular loan |
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| Our credit scores are 685 and 780. Annual income is 90,000+. We own our land and a single wide mobile home with permenant foundation on it right now. We would like to buy a bigger manufacture home with permanent foundation on our land. How do we go about getting loan/s for this? |
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