You can determine the monthly payments on your 30 year fixed rate mobile home loan by using the Mortgage loan payment Calculator . _________________ Procrastination is the enemy of your financial sucess
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. _________________ For some interesting insight, please check out my Blog @ http://homequitybuilder.mortgagefit.com
Or visit my website at www.homequitybuilder.info
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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 _________________ Licensed Broker 50 states http://www.aimwithfocus.com
Need quick advise email or PM Glad to help
CA Broker Guest
Posted: Mon Sep 01, 2008 9:12 pm Post subject:
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).
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? _________________ Procrastination is the enemy of your financial sucess
jcgarriott
