Posted on: 12th Oct, 2008 08:12 pm
Can't you get a personal loan for manufactured home? Is it possible to do that with land, too?
Hi leahsbizworld!
Welcome to Forums!
You can get a personal loan for a mobile home but it is not available for a land. As far as no-down payments or low down payments are concerned, the lender will have the full discretion. It depends on the lender whether he will give it to you or not.
However, you should note that personal loans will have a higher interest rate than mortgage. You should always try for a mortgage if you feel you are comfortable with it.
Feel free to ask if you have further queries.
Sussane
Welcome to Forums!
You can get a personal loan for a mobile home but it is not available for a land. As far as no-down payments or low down payments are concerned, the lender will have the full discretion. It depends on the lender whether he will give it to you or not.
However, you should note that personal loans will have a higher interest rate than mortgage. You should always try for a mortgage if you feel you are comfortable with it.
Feel free to ask if you have further queries.
Sussane