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tim gallegos
Guest
0.10 Dollars($)
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Post subject: tax credit |
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| hi Jessica my wife and i are trying to get our tax credit for our first time buyer purchase. The IRS is wanting us to appeal it because my wife had purchased a single wide about ten years ago. Is this true, the single wide is not on permanent foundation and it still has the axles. is the IRS correct and should i appeal this. |
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Catherine
Guest
0.10 Dollars($)
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Post subject: manufactured home loan |
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We are in the market to get a manufactured home loan. We currently live in a home that we owe 88000 on. We plan on selling it for no less thatn 125000. We have found a manufactured home on 5 acres that is priced at around 90000. When we sell our home, we would like to have around 10000 to make improvements on the manufactured home we plan on purchasing. What kind of loan programs are available?
What kind of credit score would we need to get a loan? |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 2650
Location: New Brunswick, New Jersey
489.32 Dollars($)
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Post subject: |
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Hi tim,
You and your wife will be able to get the first time homebuyer's tax credit only if both of you haven't owned any property for the last 3 years. If your wife is still the owner of the single wide property, then she won't be able to qualify for a first time homebuyer's tax credit.
To Catherine,
You can look out for home improvement loans in order to improve your manufactured home. However, if you're short selling the property, then you won't be able to get a mortgage within the next 3-4 years. In order to get a conventional mortgage, you should have a credit score of 700-720.
Take care |
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missy
Guest
0.10 Dollars($)
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Post subject: loan |
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| hi we are looking for loan where we can purchase a mobile home and land. my husband has no income or credit and i have good great but limited income and very little for a down payment. is there a loan out there to help us. |
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anonymous 3
Guest
0.10 Dollars($)
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Post subject: |
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| hi i need a loan four a mobil home |
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Niicss
Joined: 03 Oct 2005
Posts: 4772
Location: New Jersey
499.62 Dollars($)
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Post subject: |
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To missy,
A query similar to yours has been answered in the given page:
http://www.mortgagefit.com/loantalk/mobilehome-purchase.html#183203
Take a look at it. Hope it helps you.
To anonymous,
You need to contact the local mobile home loan lenders in order to get a mortgage. You will have to pay a down payment of at least 20% in order to get a loan. Apart from this, you should have a score of 700-720 to qualify for a conventional loan.
_________________
Good is the Enemy of Great. |
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First Time Mobile Buyer
Guest
0.10 Dollars($)
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Post subject: Mobile Home and Land Purchase |
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| Is there a list of approved lenders for VA or FHA Loans for Mobile Homes and Land. If yes where can a find the list? |
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lulutwo
Guest
0.10 Dollars($)
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Post subject: |
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| What would I need to qualify to rent a lot in a55 and older mobile home community, if I at cash for the home? |
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Empty Nester
Guest
0.10 Dollars($)
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Post subject: Credit Score way down after 25 years of excellent credit |
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| We have good stable income thru my husbands job of 25 years and he makes over 70K - our credit went down when I lost my six figure job due to the economy and I also have 24 years on the job and we owned a few homes in the past making over 12K per month in house payments for 10 years and then when I lost my income we decided it might be best to downsize to a new manufactured home in a park. Our credit is shot but was in the high 600's and mid 700's for many many years with no credit issues at all since we were loaned credit - we had a credit line of 20K with Am Ex monthly and we paid that off. We are settling our debt and the home will come first and we only have one car payment. Can we get a no FICO loan? since our credit is so low? How about a VA loan - are they more forgiving if you are moving down to a more affordable payment? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2619
Location: MICHIGAN
415.87 Dollars($)
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Post subject: |
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To Guest,
I don't think you will get a list of VA or FHA lenders offering mobile home loans. You need to contact the local lenders and apply for VA or FHA loans. They will let you know whether or not they can offer you the same.
To lulutwo,
Unless you have employment, you won't be able to get a property on rent.
To Nester,
You won't be able to get a no-FICO loan. If your credit is not good, the lenders won't be ready to give you a home loan. You'll have to improve your credit score and then look out for a mortgage.
Thanks,
Jerry |
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Debbie B
Guest
0.10 Dollars($)
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Post subject: mobile home loan |
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| we are looking to obtain a loan to pay off a few bills and do some home improvements on our moblile home and put up a car port. We own our 1986 mobile home which is in very good condition and the 4 lots of land it is on and we owe nothing on it. It is assessed on the tax rool for 36,000 we would like to borrow 20,000. Our credit is not very good from past stupid mistakes and some medical bills . Our mobile home is in Florida what are your suggestions. |
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charles e cook
Guest
0.10 Dollars($)
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Post subject: manufactured line of credit |
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| HI JESSICA I AM WANT TO GET A LOAN ON MY 2 ACRERS AND MANUFACTURED HOME THAT I OWN FREE AND CLEAR DO YOU FOLKS DO THAT |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi!
Welcome to forums!
To Debbie,
If your credit is not good, it won't be possible for you to qualify for a mobile home loan. You should improve your credit score first and then look out for a mortgage. In order to know some steps to improve your credit score, check out the given page:
http://www.mortgagefit.com/credit-rating/credit-repair.html
To charles,
This is a mortgage community and not a mortgage company. If you want to get a loan for your manufactured home, you'll have to contact the local lenders in order to qualify for a mortgage. They will check your financial situation and let you know whether or not you qualify for a mortgage.
Feel free to ask if you've further queries.
Sussane |
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mike v
Guest
0.10 Dollars($)
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Post subject: nina loans |
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| as i am self employed and have pretty poor credit due to a divorce where to i look to get a NINA loan???? |
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Niicss
Joined: 03 Oct 2005
Posts: 4772
Location: New Jersey
499.62 Dollars($)
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Post subject: |
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After the crisis in the real estate market, the lenders have stopped giving NINA loans. Unless you've sufficient income and financial stability, the lenders will not give you a mortgage.
_________________
Good is the Enemy of Great. |
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