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 rolandodlt
Joined: 10 Nov 2009
Posts: 4
Location: Brea, CA
1.70 Dollars($)
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 Posted: Tue Nov 10, 2009 2:49 pm Post subject: Mobile Home Loan |
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Hi Everybody, I am looking for a mobile home loan for one of my clients, they want to purchase in Orange County, Ca, if anyone does mobile home loans I would like to talk to you.
Thank you |
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savior70
Joined: 25 Mar 2009
Posts: 1765
Location: Florida
235.57 Dollars($)
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| 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. |
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rolandodlt
Joined: 10 Nov 2009
Posts: 4
Location: Brea, CA
1.70 Dollars($)
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| Posted: Wed Nov 11, 2009 9:28 am Post subject: Thank you! |
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Thanks for your reply, I appreciate your response, I will look into the mortgage quote from the community lenders.
_________________
Rolando De La Torre
Realtor
www.camobilehomessite.com
www.elsuperremate.com
800-236-1267 |
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raymond
Community Experts
Joined: 03 Jul 2009
Posts: 832
Location: Orange County, CA
128.57 Dollars($)
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| 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.
_________________
Raymond
www.RaymondDenton.com |
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rolandodlt
Joined: 10 Nov 2009
Posts: 4
Location: Brea, CA
1.70 Dollars($)
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| Posted: Wed Nov 11, 2009 4:10 pm Post subject: Mobile Home Loan! |
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Thank you, I am not sure this particular unit will qualify for "Real property"
I think is not sitting in a permanent fundation, so I don't think it will qualify, I will have to find the right property.
Thank you,
_________________
Rolando De La Torre
Realtor
www.camobilehomessite.com
www.elsuperremate.com
800-236-1267 |
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raymond
Community Experts
Joined: 03 Jul 2009
Posts: 832
Location: Orange County, CA
128.57 Dollars($)
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| 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
www.RaymondDenton.com |
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Guest
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| 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.
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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rolandodlt
Joined: 10 Nov 2009
Posts: 4
Location: Brea, CA
1.70 Dollars($)
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