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Title loans on mobile homes - How can I get one?

Posted on: 15th Nov, 2009 09:34 pm
i have free and clear title for my 1970 mobile home, and i need to borrow 3,000.00 dollars, can I?
Hi laneyjoshua,

It will be quite difficult to get a loan against your mobile home. You own the property title free and clear. But the home is quite old. The mobile homes built before 1976 do not meet the property requirements as per the Federal National Manufactured Housing Construction and Safety Standards Act of 1974. Such old homes depreciate fast, which is why lenders do not generally want to offer loans against such old mobile homes.
Posted on: 15th Nov, 2009 11:12 pm
Is is possible to get a title loan on a mobile home as new as 2000
Posted on: 07th Jan, 2010 05:25 am
Can I get a loan with the title to my mobile home, it's free and clear? I have poor credit and I need about $2500-$3000.
Posted on: 07th Jan, 2010 10:20 am
Hi Michele,

It is possible to get a loan using your mobile home as collateral. The mobile has to be free and clear of any liens and there should not be enough equity in it. The home also needs to meet the property eligibility criteria.

Hi Phyllis,

Qualifying for a loan with a poor credit is almost impossible in this economy. It all depends on how poor your credit is. If it is way below 600 points, you will not qualify for any type of loan.


Posted on: 08th Jan, 2010 02:00 am
the topic here is "title loans." i have no personal involvement with or knowledge of these loans, but i do know that there are shops that will hold a title as collateral for loans, such as are being discussed here.

funny, though...i just did an internet search for "title loans" and the first thing that popped up was "why title loans are a bad idea" - an article that appeared on the CNN website a while back.

well, i think we all know that title loans and payday loans and pawn shop loans are bad ideas, but when a person owns something of value free and clear, and is in need of funds, they can come in handy.

laney, michele and phyllis - i think your best bet is to ask around in your local community or do internet searches to determine if you might be able to use your titles for collateral for a loan. i have a feeling you'll not find too many people interested in holding the title to a mobile home, though.
Posted on: 08th Jan, 2010 02:40 pm
i desperatly need a small loan of 2600.00. i own my mobile home and have title could i get an immediate loan using title /mobile home as collaterall???????????????
Posted on: 06th Apr, 2010 03:28 pm
jess, it sure makes sense for you to try to do it. you need to locate a lender in your area, though, and query with them to see if they'll take your title as collateral. of course, you'll have to document your income, your assets and have your credit in order to qualify for such a loan.
Posted on: 07th Apr, 2010 06:51 am
Looking for a short time loan of 4,000.00 for improvements to my mobile home retired my husband gets his ssi and military pension and also my ssi and i bought 2 mobile homes for my children and payed cash for them and they pay us 1,000.00 a month no bills just space rent and utlitites. waiting for the irs to process my new home owners cash rebate they have until the end of july to respond to me. thankyou for any help and my mobile home is mine free and clear.
Posted on: 25th Jun, 2010 11:30 am
just sent a message a few minutes ago forgot to say.

[Email address deleted as per forum rules. Thanks.]
Posted on: 25th Jun, 2010 11:33 am
to nancy,

if you intend to get a loan of $4k using the mobile home as collateral, it is possible. however, things might be a little difficult for you since not may lenders offer loans against mobile homes these days. but you have the option to go for a personal loan to get the required money. what are your credit scores?

you may go for a no obligation free mortgage quote with the community lenders to check out if you qualify for a mobile home equity loan. in case you want to go for a personal loan, contact your local lenders.
Posted on: 27th Jun, 2010 11:01 pm
can i get a loan using the title on my mobile home it was built in 1985, i want to use the money to save my home which is in foreclouser i only need about 5,000 dollers and i can make weekly payments to pay back the loan please i need some help i dont want to lose my home????
Posted on: 02nd Jul, 2010 10:51 am
Jenny, are you trying to save the mobile home, or is that a separate property? You'll find yourself in a tough spot, I fear, due to the fact that you're already facing foreclosure, and your credit record has been damaged by that.
Posted on: 02nd Jul, 2010 11:16 am
the trailer is a 2000 free and clear
and just wanting to borrow 1,000
maybe a 90 day loan
Posted on: 18th Aug, 2010 12:34 pm
Hi ctaylor!

Welcome to forums!

I don't think you would be able to get a conventional mortgage for such a small amount. You can contact the private lenders who offer loans for such small amounts.

Feel free to ask if you've further queries.

Posted on: 18th Aug, 2010 10:52 pm
Sussane, undoubtedly you are correct. But of course, ctaylor is not looking for a conventional mortgage anyway. What he/she is seeking is a 90-day note - nothing like a mortgage to begin with.

ctaylor, you are likely to find a better reception with a local lender - a small bank, credit union, etc. for this sort of borrowing. Call around to see what you might find.
Posted on: 26th Aug, 2010 08:09 am
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