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Mobile Home loan

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Icon Mini Profile rhosgarden





Joined: 24 Oct 2009

Posts: 1

1.28 Dollars($)
Post Posted: Sat Oct 24, 2009 4:16 pm    Post subject: Mobile Home loan
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What is the interest rate on a loan for a Mobile home in a Mobile home park where you rent the space.
Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Mon Oct 26, 2009 5:48 am    Post subject:
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Hi,

The interest rate on your mobile home loan depends on a lot of factors. The main factor is your credit scores. The better scores you have, the better rates you get on your mortgage loan. It also depends on the amount of down payment you are making and the upfront discount points you are paying for the loan.
Rhonda Parashis

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Post Posted: Mon Oct 26, 2009 7:58 am    Post subject: interest on Mobile Home Loans
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Can you give me a ball park range for $100,000. purchase with a $28,000. down and excellent credit?
Icon Mini Profile sonjakracine





Joined: 24 Oct 2007

Posts: 77

15.05 Dollars($)
Post Posted: Mon Oct 26, 2009 11:07 am    Post subject:
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You cannot get a "mortgage" on a mobile home if you do not own the land. You may get a secured loan that would be different than a mortgage.
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