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

Author

Message

Joined: 31 Mar 2006
Posts: 815
Location: Hawaii

154.76 Dollars($)

Post subject: RE:

Welcome Sue. I must say you have good credit scores especially the one in the 700s. Your annual income is also good enough. How about selling the mobile home and using the proceeds to buy another? Of course you want to buy a bigger home but have home prices appreciated in your area? Thanks.

Philip

Guest

0.10 Dollars($)

Post subject: loan for preowned manufactured home

Credit is fair and have money for down payment. How to go about getting financing for about $30000

pHILIP fUSCO

Guest

0.10 Dollars($)

Philip

Guest

0.10 Dollars($)

Post subject: loan for preowned manufactured home

Credit is fair and have money for down payment. How to go about getting financing for about $30000

sara

Moderator

Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey

315.05 Dollars($)

Post subject:

Hi Philip, Welcome to the forums. I hope you have a permanent foundation on your manufactured home. If it is built prior to 1976, then there won't be any problem getting a mortgage on your manufactured home. What I suggest is, you can go for a no-obligation free loan consultation with the community lenders on the right mortgage that can suit your needs. The lenders will help you understand which option can benefit you the most. Take Care

kathns7

Guest

0.10 Dollars($)

Post subject: pre approved

how does one get pre approved for a loan when your not sure what your buying. Its nice to know what price range to look in

Mike geddry

Guest

0.10 Dollars($)

Post subject: Mobil Home Lenders

Is there a list of lenders that will do mobil home loans

jerry

Moderator

Joined: 17 Oct 2005
Posts: 1773
Location: MICHIGAN

264.99 Dollars($)

Post subject:

Hi Mike geddry! Welcome to MortgageFit Forums! A large number of lenders are a part of the MortgageFit community. You can check the following link: http://www.mortgagefit.com/unitedstates/ Hope this will help you. Thanks, Jerry

KrystalinFL

Guest

0.10 Dollars($)

Post subject: Help!!

Hi everyone! I could really use some help and guidance regarding getting approval for a mobile home mortgage. My husband and I have an excellent rental history. We have rented for the past six years and have excellent references. My father-in-law is moving in with us due to his health problems and we desperately need to get a place of our own. We have been doing some research into getting a double wide and financing with land that we are interested in. Our combined income is around $53,000. FIL also has agreed to give us $300/month to use towards a payment. My concerns is getting approved. My hubby's scores are in the high 500s/low 600s. Mine are in the 600s. Any chance we can get approved?? Thanks so much for any thoughts regarding this!

jerry

Moderator

Joined: 17 Oct 2005
Posts: 1773
Location: MICHIGAN

264.99 Dollars($)

Post subject:

Hi KrystalinFL! There are chances that you may get pre-approved but the interest rates will be higher. Some lenders can also consider your excellent rental history. It is better you consult a lender or a mortgage broker on this. Thanks, Jerry

Guest

Post subject:

Hi Jerry! Thank you for being so quick to respond. At this point, we don't mind haivng a higher interest rate. We are working on our credit, so hopefully we could do a refinance at a later point. Also, my FIL knows the situation and is willing to help with the payment. Do you know of any good lenders I could check with?? Thanks again! Krystal

jerry

Moderator

Joined: 17 Oct 2005
Posts: 1773
Location: MICHIGAN

264.99 Dollars($)

Post subject:

Hi KrystalinFL! Please check the following link to know about the lenders. http://www.mortgagefit.com/unitedstates/ Thanks, Jerry

Montana

Guest

0.10 Dollars($)

Post subject: Single Wide Trailer financing

Is it possible to obtain conventional financing on a single wide trailer through rural development in rural Alaska? It was built in 2005. It is on a foundation, It is 41 by 14. Thanks

smithsussane
smith.sussane

Joined: 18 Sep 2008
Posts: 3709
Location: Alaska

556.69 Dollars($)

Post subject:

hi Montana! There are few companies who will offer you conventional financing on a single wide trailer. Its better if you could consult a qualified mortgage broker or a lender. Thanks