What is the interest rate and monthly payments - 30 yr loan

jcgarriott · Joined: 26 Aug 2008 Posts: 1 1.34 Dollars($)

2 bed room one bath reconditioned mobile home on .5 acre of improved land.

My last credit score report was 785

adonis · Posted: Tue Aug 26, 2008 9:18 pm Post subject:

Welcome jcgarriott,

You can determine the monthly payments on your 30 year fixed rate mobile home loan by using the Mortgage loan payment Calculator .

kenl314 · Posted: Thu Aug 28, 2008 11:07 am Post subject: mortgage payment- quick $$

Hello- I gather this home is on its own land and it has a permenant foundation. If so, then today's rates- in my neck of the woods- would be about 6.5% with no points charged to borrower. On a $80,000 loan that would be $505.65/ month PRINC. & INT. Hope that helps a little. This site, as well as my website listed below, has some great mortgage calculators. Good luck,
Ken L.

brian1 · Posted: Thu Aug 28, 2008 4:51 pm Post subject:

You can get a free mortgage consultation by filling out a request at the top of the page.

The above posts (especially Marty's) are in violation of the terms of this board.
There is a hit to rate for a manufactured home. If it is on its own land you can get traditional financing if it is in a park it will be tough

Good Luck
Brian

Guest 0.10 Dollars($)

FHA is still lending on manufactured homes as long as they are on permanent foundations. There is a hit to the rate, but they will lend in parks as long as you own the lot (like in a condo complex).

adonis · Posted: Tue Sep 02, 2008 12:26 am Post subject:

Hi CA broker,

I wasn't aware of the fact that FHA allows for lending on mobile home without permanent foundation. Thanks for the information. By the way, why don't you be a part of this community?

You seem to have good knowledge of mortgage and related stuff. And from your name. it looks like you're a broker in CA. What's your real name?

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