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Mobile home loan with bad credit - Is it possible to get?

Posted on: 18th Jun, 2012 06:49 pm
I have a 2010 double wide 4bedrooms mobile home.I paid cash in 2011.Now I need t borrow 4000 .My credit is poor and I am on disability.Is there anny finance compagny .That can help meborrow against it
Hi lily!

Welcome to forums!

With a poor credit score, it will be quite difficult to qualify for any kind of loan. Even if some sub-prime lenders give you such a loan, they will charge you extremely high interest rate and other fees. Moreover, after the sub-prime lending crisis, most lenders have stopped offering such loans.

Apart from that, most of the lenders won't be ready to offer you such a small amount of loan as their profit margin will be quite less for such loans.

Feel free to ask if you've further queries.

Sussane
Posted on: 18th Jun, 2012 08:02 pm
Hi lily,

In order to improve your credit, check out the given page to know some steps: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Posted on: 19th Jun, 2012 08:47 pm
To know more about different aspects of mobile home mortgages, including the requirements to obtain the loan, log on to http://www.mortgagefit.com/mobile-homeloan.html
Posted on: 18th Jul, 2012 04:53 am
The amount of loan that you are looking for is too low to be offered by a mobile home lender. I would suggest you to take out a personal loan.
Posted on: 10th Jan, 2013 10:09 pm
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