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BUYING A MOBILE HOME WITH LAND.

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Guest	Posted: Mon Nov 12, 2007 8:58 am    Post subject: BUYING A MOBILE HOME WITH LAND. Like 0 Dislike 0 what if the mobile home is on a piece of land already? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Tue Nov 13, 2007 12:27 am    Post subject: Like 0 Dislike 0 Hello Guest, Are you planning to take a mortgage for buying the mobile home with land? You can get loans for buying both together. You may talk to the FHA insured lenders for this purpose. You may look here http://www.mortgagefit.com/mobile-homeloan.html for further details.
ANDREA Guest	Posted: Wed Jul 02, 2008 1:12 pm    Post subject: BUYING MOBILE HOME TO PLACE ON LAND ALREADY OWNED. Like 0 Dislike 0 WE WANT TO PURCHASE A MOBILE HOME TO PUT ON OUR LAND BUT IN ORDER TO HAVE AN INTEREST RATE OF 7% WE NEED TO INCLUDE A PORTION OF OUR LAND AS COLLATERAL. HOW DOES THAT WORK?
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Thu Jul 03, 2008 5:26 am    Post subject: Like 0 Dislike 0 Hi ANDREA. Welcome to the forum. I think you cannot use the portion of the land as collateral. So either you can use the total land as collateral or find someone who will agree to approve you for the mobile home loan against the mobile home only. Feel free to ask if you have any further questions. Best of luck, Larry
felicia Guest	Posted: Fri Jul 11, 2008 11:39 am    Post subject: mobile home Like 0 Dislike 0 we are looking to buy a double wide immovable mobile home on 6.26 acres of land. it is located in louisiana. is it possible to get an fha loan? i have heard it is impossible for this to happen. please reply
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Sat Jul 12, 2008 3:53 am    Post subject: Like 0 Dislike 0 Welcome felicia. As far as I know, FHA approved lenders offer Mobile home loans. The maximum loan amount is $175,000. You shouldn't have any late payments in the last 12 months and the mobile home should have a permanent foundation. Please take a look at the article How to qualify and what are the options? at http://www.mortgagefit.com/mobile-homeloan.html Hope it helps. Let me know if you have any further queries. _________________ Good is the Enemy of Great.
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Sun Jul 13, 2008 11:30 pm    Post subject: Like 0 Dislike 0 Felicia how old is the home? If it has a permanent foundation and the home was permited correctly it may qualify. It is a little more difficult but not impossible. Good Luck Brian _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

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