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Mobile Home Loan

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Icon Mini Profile rolandodlt





Joined: 10 Nov 2009

Posts: 4
Location: Placentia, CA
1.70 Dollars($)
Post Posted: Tue Nov 10, 2009 2:49 pm    Post subject: Mobile Home Loan
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Hi Everybody, I am looking for a mobile home loan for one of my clients, they want to purchase in Orange County, Ca, if anyone does mobile home loans I would like to talk to you.

Thank you
Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Wed Nov 11, 2009 4:53 am    Post subject:
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Hi,

You can seek a no obligation free mortgage quote from the lenders in this community on behalf of your clients. The lenders will check the credit scores, income of your clients, besides other factors. If they qualify for the loan, the lenders will offer free mortgage quotes. You should also check with the local lenders, if they can offer a mobile home loan at an affordable rate. This will give you a lot of options to choose from.
Icon Mini Profile rolandodlt





Joined: 10 Nov 2009

Posts: 4
Location: Placentia, CA
1.70 Dollars($)
Post Posted: Wed Nov 11, 2009 9:28 am    Post subject: Thank you!
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Thanks for your reply, I appreciate your response, I will look into the mortgage quote from the community lenders.
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Rolando De La Torre
Realtor
http://usahomeownerseller.com

800-236-1267
Icon Mini Profile raymond
raymond
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Joined: 03 Jul 2009

Posts: 1166
Location: Irvine, California
24.79 Dollars($)
Post Posted: Wed Nov 11, 2009 2:20 pm    Post subject:
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If the Manufactured Home was built after June 15, 1976, and is "real property", your best solution is FHA, or if they're a veteran, VA.

The interest rate for a Manufactured Home in Orange County with an FHA-insured mortgage is 6.5%, and the down payment is 3.5%. For VA it's the same interest rate, but the down payment is 0.

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Raymond Denton
www.raymonddenton.com
Icon Mini Profile rolandodlt





Joined: 10 Nov 2009

Posts: 4
Location: Placentia, CA
1.70 Dollars($)
Post Posted: Wed Nov 11, 2009 4:10 pm    Post subject: Mobile Home Loan!
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Thank you, I am not sure this particular unit will qualify for "Real property"
I think is not sitting in a permanent fundation, so I don't think it will qualify, I will have to find the right property.

Thank you,

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Rolando De La Torre
Realtor
http://usahomeownerseller.com

800-236-1267
Icon Mini Profile raymond
raymond
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Joined: 03 Jul 2009

Posts: 1166
Location: Irvine, California
24.79 Dollars($)
Post Posted: Wed Nov 11, 2009 4:59 pm    Post subject:
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No worries if it's not "currently" on a HUD-approved permanent foundation. A foundation can be installed, and paid for when the mortgage funds (if the Installer agrees).
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Raymond Denton
www.raymonddenton.com
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Post Posted: Tue Nov 17, 2009 10:17 pm    Post subject: Thank you,
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I happen to find a company a company that does foundation certification,
than you for the advice.

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Icon Mini Profile rolandodlt





Joined: 10 Nov 2009

Posts: 4
Location: Placentia, CA
1.70 Dollars($)
Post Posted: Tue Nov 17, 2009 10:21 pm    Post subject: Thank you, Raymond
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I found a newer unit, FHA approved.
Thank you

_________________
Rolando De La Torre
Realtor
http://usahomeownerseller.com

800-236-1267
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