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 caramel_star_maroon
Joined: 23 Jun 2009
Posts: 9
5.13 Dollars($)
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 Posted: Sat Jul 04, 2009 6:06 pm Post subject: there is a mobile home that my husband & I want it 85,99 |
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| How much do we ask for in a loan if it is on our own land and will a FHA loan help. I would like to buy a home where we live but am not sure how much a FHA loan will grant us for where we live (Natchitoches, Louisiana) and we would like to one build our one home 30+ years from now What the best plan Mobile home or Home? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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| Posted: Sat Jul 04, 2009 10:54 pm Post subject: |
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Hi caramel_star_maroon,
You will have to contact the lenders of your area and check out if you qualify for a loan or not. Qualifying for a loan will depend upon your income and your credit score. If you want a FHA loan, you should have a credit score of at least 620. In case, you qualify for a FHA loan, you'll have to pay a down payment of at least 3%. No downpayment loans are not available these days. You can check out the following page to know mroe on mobile home loans:
http://www.mortgagefit.com/mobile-homeloan.html
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gunzijjistaff
Joined: 07 Apr 2009
Posts: 458
6.81 Dollars($)
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| Posted: Mon Jul 06, 2009 12:32 am Post subject: |
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Hi caramel,
Welcome to our forum.
If you wish to get loan on land as collateral for loan, you can apply for FHA ( Federal Housing Administration ).Check it out, Are you qualified for get loan?
FHA loan must have 620* Credit score as well as you have to pay 3.5% down payment to take loan & you latest bank statement from your bank. And other terms & conditions will apply as you location.
There are two main types of mobile homes, Mobile home mortgage loan & Personal Property loan.
Thanks & Regards.
gunz.ijjistaff. 
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You can ask your queries to us anytime & we will definitely help you, Its our pleasure. |
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