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majik74
Joined: 03 Nov 2008
Posts: 1
1.28 Dollars($)
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 Posted: Mon Nov 03, 2008 9:09 pm Post subject: |
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| would like too try to get a loan on my mobile home. I do own it but everybody we talk to says we have to have a mortgage on it so how do I go about getting a loan on a 2001 mobile home that I already own. |
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jameshogg
Joined: 20 Dec 2005
Posts: 1835
Location: nevada
272.70 Dollars($)
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| Posted: Tue Nov 04, 2008 1:28 am Post subject: |
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Hi majik!
It will be better if you can do some mortgage shopping. Speak to a few lenders about mobile home loans and see the type of loans they are offering you. You will also find FHA mobile home loans. The maximum loan amount for FHA loans will be:
manufactured home only - $48,600
manufactured home lot - $16,200
manufactured home and lot - $64,800
To know more about mobile home loans, how to qualify for them and what are the option, you can visit the following link:
http://www.mortgagefit.com/mobile-homeloan.html
Thanks. |
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montana
Guest
0.10 Dollars($)
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| Posted: Thu Nov 06, 2008 5:29 pm Post subject: mobilegarageowned |
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| I am wondering is if there is any little to no money down loans for a owned property with a 1972 mobile? Although the property is located in a primarily permanent home neighborhood, not a court or park and has a permanent attached garage. If there isnt any would the "whole price" have to be a personal loan? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1218
Location: MICHIGAN
160.36 Dollars($)
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| Posted: Fri Nov 07, 2008 2:51 am Post subject: |
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Hi montana!
Mobiles homes built prior to 1976 hardly qualify for any kind of mortgage. As the mobile home that you are talking about are built in 1972, I don't think you will get a mortgage. In my opinion, you can take a personal loan. However, you should remember that you will be charged higher interest rates in case of personal loans.
Thanks,
Jerry |
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terry johnson
Guest
0.10 Dollars($)
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| Posted: Tue Nov 11, 2008 9:09 pm Post subject: Mobile home equity loan |
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| I live in Oklahoma. I would like to find a home equity Loan for my 2003 Double wide. it is paid off but we need to put a new roof on it. It is on family land and the land cannot be used as collatrol. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1218
Location: MICHIGAN
160.36 Dollars($)
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| Posted: Wed Nov 12, 2008 2:47 am Post subject: |
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Hi terry johnson!
You can use the mobile home as the collateral for the loan if it is attached to the land. You can talk to the lender and I think your loan application will be accepted.
Thanks,
Jerry |
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Terry Johnson
Guest
0.10 Dollars($)
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| Posted: Wed Nov 12, 2008 9:56 am Post subject: Mobile home equity |
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Can you recomend someone. The Mobile is on peirs not a foundation.
Thanks
Terry Johnson |
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Niicss
Joined: 03 Oct 2005
Posts: 1510
Location: New Jersey
230.97 Dollars($)
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| Posted: Thu Nov 13, 2008 3:49 am Post subject: |
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Hi Terry Johnson!
If the mobile home doesn't have a permanent foundation, then you won't be getting a mobile home loan for that. You can try for a personal loan but such loans will come at a higher interest rate.
Thanks. |
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HB
Guest
0.10 Dollars($)
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| Posted: Thu Nov 13, 2008 1:37 pm Post subject: refinance |
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| I have a low credit score, i have not been late on my mortgage that has been 4 months ols, my credit cards are behind and I just started a different job in the past 3 months. I have a single wide that is in a family owned park i would like to refinance the loan and purchase land to put it on. Not sure when this would take place but would like to know my options. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1218
Location: MICHIGAN
160.36 Dollars($)
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| Posted: Fri Nov 14, 2008 3:15 am Post subject: |
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Hi HB!
You have mentioned that your mortgage is 4 months old. As far as I know, the mortgage has to be at least 7 months old to get a refinance. I think you will have to wait for few months before applying for a refinance.
Thanks,
Jerry |
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T. Pearson
Guest
0.10 Dollars($)
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| Posted: Tue Nov 18, 2008 2:18 pm Post subject: Loan to replace heating and cooling system in my 1978 Hamelt |
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| Can I borrow money to replace my present not working so good heating and cooling system in my 1978 Hamelton moble home . the cost would be 2800.00 without tax |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1218
Location: MICHIGAN
160.36 Dollars($)
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| Posted: Wed Nov 19, 2008 3:19 am Post subject: |
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Hi T. Pearson!
There is a Title 1 home improvement loan available for mobile homes. This is a FHA loan. You can contact FHA sponsored lenders and check if they can give you such a loan.
Thanks,
Jerry |
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'Marsha'
Guest
0.10 Dollars($)
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| Posted: Thu Nov 27, 2008 12:50 pm Post subject: Mobile home loans/repairs |
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| I'm hoping to buy my first home, a mobile home in PA next Spring but I'm confused. I'm looking between the 20,000-37,000 range, but I've noticed that the mortgage companies start at $40,000, or higher. Isn't there any pre-qualifying mortgage companies that start lower? Also, if there are repairs that need doing right off on the home, do you include that in with your loan request? Thanks for any help you can give me. |
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smithsussane
Joined: 18 Sep 2008
Posts: 1380
Location: Alaska
172.48 Dollars($)
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| Posted: Fri Nov 28, 2008 12:45 am Post subject: |
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Hi Marsha!
Welcome to forums!
I think you should get loans between the 20,000-37,000 range. It will be better if you could consult some other lenders. Moreover you can also look for FHA Title 1 loans. FHA approved lenders offer Title I loans for buying and refinancing the manufactured homes for a loan term of 20-25 years at a fixed rate of interest. The FHA lenders also offer a Title II mortgage loan on manufactured homes. With the help of Title 1 loans, home improvements are also possible.
This community also has a number of lender. You can speak to them and seek a no-obligation free mortgage quotes from them. You can then compare the rates and select the one you can afford.
Feel free to ask if you have further queries.
Sussane. |
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cbizkette
Guest
0.10 Dollars($)
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| Posted: Sun Nov 30, 2008 7:18 am Post subject: Buying a 1988 Palm Harbour Mobile Home |
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| What financial institute would loan us money for a mobile home in a community that rents the lot? We have bad credit due to husbands illnesses but have a co-signer willing to help us. Can you help? |
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