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smithsussane
Joined: 18 Sep 2008
Posts: 1380
Location: Alaska
172.48 Dollars($)
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 Posted: Sat Oct 11, 2008 12:07 am Post subject: |
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Hi cmodo!
Welcome to Forums!
You can contact your lender and tell him that you require refinancing. If the lender agrees, he will tell you what you need to do.
Feel free to ask if you have further queries.
Sussane |
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anonymousheop me
Guest
0.10 Dollars($)
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| Posted: Tue Oct 21, 2008 9:05 pm Post subject: I want this double wide!!!!!!!!! |
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I wanted this double wide....it would have been a person to person thing, so we went to the bank to see if we could get the loan to buy it. Getting the loan was no problem, but the bank said that before they would give us the money the double wide had to be moved and set up........the people wouldn't go for that and of course I wouldn't either....is there something else that can be done!!!!!  |
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jameshogg
Joined: 20 Dec 2005
Posts: 1835
Location: nevada
272.70 Dollars($)
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| Posted: Wed Oct 22, 2008 12:30 am Post subject: |
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Hi
You can go for personal property mobile home loans if your dealer or the retailer does not offer you a mortgage on the double wide. I think the retailer will agree on this and will be ready to give you a loan.
Check out more on personal property mobile home loans before you apply for it.
Thanks. |
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Addy
Guest
0.10 Dollars($)
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| Posted: Wed Oct 22, 2008 11:18 am Post subject: Reverse Mortgage on Home in Mobile Home Park |
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| I have a Mobile Home in a Mobile Home Park in Bishop, CA, and it is not on a permanent foundation. The home is paid for, built in 1979, 2,256 sq ft. and is in very good condition. I am 70 years old and have excellent credit score. I am searching for a Reverse Mortgage Lender. Can you help me? |
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Mondays
Guest
0.10 Dollars($)
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| Posted: Wed Oct 22, 2008 11:33 am Post subject: need to know |
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| My husband credit is in the low 495,But income for the year is 95,000 to 119,000.Can we still get an home at 50,000 |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1218
Location: MICHIGAN
160.36 Dollars($)
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| Posted: Thu Oct 23, 2008 1:47 am Post subject: |
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Hi!
To Addy:
You will only get a reverse mortgage if the mobile home has a permanent foundation. If you could arrange for a permanent foundation of the house, then you can easily get a reverse mortgage. Otherwise, the lenders won't agree to give you a loan.
To Mondays:
I don't think it will be easier for you to get a loan with such a low credit score. However, you can look for bad credit home loans. To know more about this, visit the given link:
http://www.mortgagefit.com/mobile-homeloan.html
Thanks,
Jerry |
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wondering
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0.10 Dollars($)
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| Posted: Thu Oct 23, 2008 9:30 am Post subject: high debt |
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| I would like to purchase a mobile home on land but my debt to ratio is high. What options do I have? |
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Niicss
Joined: 03 Oct 2005
Posts: 1510
Location: New Jersey
230.97 Dollars($)
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| Posted: Fri Oct 24, 2008 2:40 am Post subject: |
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Hi wondering!
You have said that your debt to income ratio is high. But may I know how much is it? As far as I know, lenders can give loans to people who have a DTI of 36%. However, they will check your income, liabilities, credit score and others. They will also check if the mobile home has a permanent foundation or not. I have also heard that some lenders agree to give mobile home loans to people with as high as 43% DTI.
But I would suggest you to consult some of the lenders. This community has a large number of lenders. You may go for a no obligation free mortgage consultation from them.
Thanks.
_________________
Good is the Enemy of Great. |
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Marvin
Guest
0.10 Dollars($)
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| Posted: Mon Oct 27, 2008 4:44 pm Post subject: Who, where? |
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| I am looking into purchasing a 1986 Doublewide on Permanent Foundation with .62 Acre and a 3 car garage in Delaware. Could anyone direct me to whom they think might be a good company to finance this? |
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mreeves28xx
Joined: 27 Oct 2008
Posts: 4
4.01 Dollars($)
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| Posted: Mon Oct 27, 2008 5:34 pm Post subject: Registered now |
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Hi there again. Please disregard my last post as I was unregistered and typed in a hurry. I recently got approved for a mobile home set up in a park. Looked at the home and seen that it was not in my best interest to go forth on it. I been in the market for the last several years in buying a home for the wife, kids and I. The home I am deeply interested in which is not far from me lists at $57900. It is a 1986 Doublewide on Permanent brick foundation. It had a huge addition of a sun room and also has a 3 car unattached garage with .63 Acres.
This is well within my price range. Other homes around here that have land lists for $100k more. It needs some cosmetic work but nothing major. I am looking into who and what my best finance options are. My credit is ok, not sure of the exact score. I have been in my present job now for 4.6 years and in the same line of work for 13. I hold a salary position of $55k yr. Could someone shoot me in the right direction on this? Any and all help will be appreciated. Thanks in adance!!!
Marvin |
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Niicss
Joined: 03 Oct 2005
Posts: 1510
Location: New Jersey
230.97 Dollars($)
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| Posted: Tue Oct 28, 2008 2:07 am Post subject: |
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Hi Marvin!
As far as your employment and credit is concerned, you are in a good position to get a loan. However, credit score also plays a major role in getting a good mortgage.
This community has a large number of lenders who will be able to give you a proper idea about the mortgages. I think you should go for a no obligation free mortgage consultation with them.
Thanks.
_________________
Good is the Enemy of Great. |
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mreeves28xx
Joined: 27 Oct 2008
Posts: 4
4.01 Dollars($)
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| Posted: Tue Oct 28, 2008 4:38 pm Post subject: |
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I have been reading up on the Title 1 Loans. Are these loans available to anyone? If so, how do you apply? The home I am looking into needs some work. Drywall needs replaced in alot of places, etc.. Really looks like someone vandalized it or the previous owner was holding WWF tournaments or something. Even though, it is nothing I could really worry about. I can do alot of the home repairs myself. Only problem is I dont know if it would deter any lenders from giving me a loan based on it's condition.
The land it sits on would probably be worth $40k more alone without the house. Once again I am uncertain. I don't exactly have alot of extra money floating around here. I am the only one working and with todays high cost of living it seems as if I am in a losing battle trying to get mysel a home other than in a park. Hence the reason I am interested in the Title 1 loan. Could someone with a bit more experence give me some insight on whether this achievable? Could this home qualify for Title 1? My location is in Lincoln, DE. 19960 if that helps. Thanks again all. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1218
Location: MICHIGAN
160.36 Dollars($)
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| Posted: Wed Oct 29, 2008 2:52 am Post subject: |
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Hi mreeves!
Yes, you can go for a Title 1 loan. With the help of this loan, you will be able to go for home improvement. One of the best examples of this is the Title I Home Improvement loan insured by FHA.
Thanks,
Jerry |
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Martha Rheaume
Guest
0.10 Dollars($)
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| Posted: Wed Oct 29, 2008 7:57 am Post subject: purchase of a mobile home on rented land |
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| interested in purchasing a mobile home on rented land,in salisbury mass from a sister who is selling and need to get a mortgage.sister is gifting the downpayment |
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helping_user
Joined: 31 Mar 2006
Posts: 803
Location: Hawaii
149.73 Dollars($)
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| Posted: Thu Oct 30, 2008 12:57 am Post subject: |
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Welcome Martha Rheaume.
As far as I know, you cannot get a mortgage on your mobile home because it's put up on a rented land. Of course you can try for personal property mobile home loans from your dealer or retailer.
Thanks. |
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