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Moble Home Loan

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Icon Mini Profile byteme96





Joined: 31 May 2010

Posts: 1

1.28 Dollars($)
Post Posted: Mon May 31, 2010 2:06 pm    Post subject: Moble Home Loan
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I am 71yr on social security and getting 24k yr.
My credit score is about 590.
I am trying to purchase a mobile home for about 35k. which is in a mobile home park so it does not include the land.

I am able to put 25% but cannot find a loan.
I am in the Cincinnati Ohio area.

Can you help me?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Mon May 31, 2010 9:18 pm    Post subject:
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Hi byteme!

Welcome to forums!

With a credit score of 590, it will be quite difficult for you to qualify for a loan. You should have a score of at least 620 in order to qualify for a FHA loan. I would suggest you to take some steps in order to improve your score and then apply for a home loan. You can check out the given page in oder to know some steps for the improvement of your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html

Feel free to ask if you've further queries.

Sussane
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