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kblankenberg · Joined: 08 Oct 2009 Posts: 1 1.29 Dollars($)

My fiancee and I are currently in a rent-to-own contract for a mobile home. We are interested in getting a loan to pay off this contract, make improvements to the home, consolidating our debts, purchasing a piece of land and moving the mobile home onto said property. We are estimating this would cost approximately $115,000-120,000. Is this something that is possible?

jenkin7 · Posted: Fri Oct 09, 2009 2:30 am Post subject:

Hi kblank,

You can definitely look for a loan to pay off the rent-to-own contract and consolidate your other debts. What are your credit scores? Is your income enough to qualify for a loan of $115,000-120,000? Do you have too much of debt obligations? However, it could be difficult to qualify for a mobile home loan if you are planning for a relocation of the home to a different lot. As far as I know, FHA does not allow loans against mobile homes which are shifted from a particular lot to a different one.

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Mobile home relocation