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Can we get a loan??

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Icon Mini Profile bmorebabe86





Joined: 10 Mar 2010

Posts: 2

1.41 Dollars($)
Post Posted: Wed Mar 10, 2010 8:54 am    Post subject: Can we get a loan??
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Hello,

My husband and I were looking at mobile homes to buy . no more then 35,000 . My husband just got dismissed from bankruptcy in Feb. of this year. He makes 35,000 a year , so I am sure he can pay for a 35,000 loan and we have a friend who is willing to co-sign , could we get a loan???
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Wed Mar 10, 2010 11:13 pm    Post subject:
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Hi bmorebabe!

Welcome to forums!

A dismissed bankruptcy would be mentioned as a negative item on your husband's credit report and it could get difficult for him to qualify for a loan. Nevertheless, as he has a cosigner, I would suggest him to contact lenders and check out whether or not he qualifies for a loan.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile dekeld
dekel.d




Joined: 11 Mar 2010

Posts: 8

2.15 Dollars($)
Post Posted: Thu Mar 11, 2010 11:56 am    Post subject: USDA rural housing loan programs
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If your mobile home is placed in a less populated area,
You might want to check the USDA program - Rural and Community Development.
Some of those are one of the best 100% mortgage financing options in the marketplace. In the USDA website you can check which Zip Codes are counted as "rural" I have heard some suburbs noted are quit surprising.


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