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hud title 1 home improvement loan

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Icon Mini Profile boydbeverly





Joined: 17 Apr 2008

Posts: 1

1.29 Dollars($)
Post Posted: Fri Apr 25, 2008 7:07 pm    Post subject: hud title 1 home improvement loan
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I am looking for a hud title 1 loan for home improvements on a mobil home. the home is on a slab. It is currly rent and has a very long term lease. We ouw the land the mobil home resides on and is consider to be real property. I live in texas. Do you know any leader? My hubsand credit better than mine. The renter have agreed to pay an additional rent increase.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Fri Apr 25, 2008 9:38 pm    Post subject:
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Welcome boydbeverly,

If you are going for a loan amount worth more than $7500, then it will be treated as a HUD Title 1 mortgage loan and not a personal property loan. But you need to have a permanent foundation on which the mobile home needs to stand.

To know more on the mobile home mortgage loans, check out the page: http://www.mortgagefit.com/mobile-homeloan.html .

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