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BUYING A MOBILE HOME WITH LAND.

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Guest 0.10 Dollars($)	Posted: Mon Nov 12, 2007 8:58 am    Post subject: BUYING A MOBILE HOME WITH LAND. what if the mobile home is on a piece of land already? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 939 140.80 Dollars($)	Posted: Tue Nov 13, 2007 12:27 am    Post subject: 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.
larry Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)	Posted: Tue Nov 13, 2007 12:32 am    Post subject: Hi, If you buy a mobile home on a piece of land it will be considered as real estate property and for that you can get mortgage but it is required that the home is placed on a permanent foundation. To qualify for a mobile home mortgage loan at an affordable rate of interest not only you should have an average credit score of 620 but also you have to follow the building standards proposed by HUD. If you have any farther questions feel free to ask our community. Thanks, Larry
ANDREA Guest 0.10 Dollars($)	Posted: Wed Jul 02, 2008 1:12 pm    Post subject: BUYING MOBILE HOME TO PLACE ON LAND ALREADY OWNED. 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: 3328 473.51 Dollars($)	Posted: Thu Jul 03, 2008 5:26 am    Post subject: Hi ANDREA. Welcome to the forum. I think you cannot use the portion of the land as collateral. So either you can use the total land as collateral or find someone who will agree to approve you for the mobile home loan against the mobile home only. Feel free to ask if you have any further questions. Best of luck, Larry
felicia Guest 0.10 Dollars($)	Posted: Fri Jul 11, 2008 11:39 am    Post subject: mobile home 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: 1305 Location: New Jersey 196.15 Dollars($)	Posted: Sat Jul 12, 2008 3:53 am    Post subject: Welcome felicia. As far as I know, FHA approved lenders offer Mobile home loans. The maximum loan amount is $175,000. You shouldn't have any late payments in the last 12 months and the mobile home should have a permanent foundation. Please take a look at the article How to qualify and what are the options? at http://www.mortgagefit.com/mobile-homeloan.html Hope it helps. Let me know if you have any further queries. _________________ Good is the Enemy of Great.
brian1 Community Experts Joined: 14 Jun 2008 Posts: 360 Location: Northern California 0.51 Dollars($)	Posted: Sun Jul 13, 2008 11:30 pm    Post subject: 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 Need quick advise email or PM Glad to help

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