Posted on: 14th May, 2009 05:13 pm
i have good credit and want to buy a used manufactured home my son is buying but is sitting on property owned by me so i need a loan as the balance is 62,000
Hi vafelder,
You have mentioned you have a good credit. But can you tell us what exactly is your credit score? If it is more than 620, you may qualify for an FHA baked loan which requires a very low dowpayment. What is your approximate income? Do you have any negative items like bankruptcy, foreclosure etc on your credit report? Do you have any other debts?
You have mentioned you have a good credit. But can you tell us what exactly is your credit score? If it is more than 620, you may qualify for an FHA baked loan which requires a very low dowpayment. What is your approximate income? Do you have any negative items like bankruptcy, foreclosure etc on your credit report? Do you have any other debts?
As per your financial background you will get loan.
background verification about your fnancial condition decides the loan amount and the financial institute require trust that you can able to pay EMI.
The "used" factor for the doublewide is important as the vast majority of lenders will not touch those. At least not at great rates...
That one is going to take some shopping around...
Best of luck!
That one is going to take some shopping around...
Best of luck!