Mobile Home Finance

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Icon Mini Profile sstewart_25




Joined: 17 Nov 2009

Posts: 1

1.26 Dollars($)
PostPosted: Tue Nov 17, 2009 12:28 pm    Post subject: Mobile Home Finance

I am looking for a company that handles mobile home loans. I am needing to know what the home qualifications are and also the credit qualifications for the borrower. Thank you for your help with this question
Icon Mini Profile jenkin7
jenkin7



Joined: 04 Jun 2007

Posts: 4320
Location: Hawaii
683.42 Dollars($)
PostPosted: Tue Nov 17, 2009 11:32 pm    Post subject:

Hi sstewart,

You need a credit score of at least 620 to qualify of a home loan. If your credit score is less than 620, it will not be easy for you to qualify for a loan. As far as the mobile home is concerned, it needs to meet the construction and safety standards set by HUD, in order to qualify for a mobile home loan. You may go for a no-obligation free mortgage consultation with the lenders in this community. They will assess your financial situation, your credit score, etc. and will let you know if you qualify for a mobile home loan. They will also be able to help you choose a loan program that suits your requirements.
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