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karla
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0.10 Dollars($)
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Post subject: refinance manufactured home |
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| our house is only a couple of years old and we moved it to our 5 acres last summer from our neighbors property. the problem is no one will give us a loan on one that has been moved 2 times. Help please. |
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fearful
Guest
0.10 Dollars($)
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Post subject: refinance mobile home |
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| Can you tell me who refinances mobile homes that do not have land |
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Angela
Guest
0.10 Dollars($)
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Post subject: |
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| We currently own, we make no payments, on our home which was built in 1979. We are almost complete on remodeling the inside which includes new walls, floors, kitchen cabinets and appliances, new windows and doors. The house has a decent outside but we are debating redoing that as well, the pitched roof has also been redone. It's a little over 1,700 square feet in a park. We are wondering if it's worth purchasing a piece of land and moving it because of it's age? Also, we have no down payment and am wondering if we could use the house itself as collateral for a loan to buy the land and financing the moving? Once we've completed improvement, a real estate agent has valued the house at approximately 40k. P.S. we both have credit scores in the mid to high 700's and have solid work history. Thanks! |
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jameshogg
Joined: 20 Dec 2005
Posts: 4189
Location: nevada
492.91 Dollars($)
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Post subject: |
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Hi,
To joyceann,
Mobile homes build prior to 1976 do not qualify for loans. Moreover, in order to get a loan, your mobile home should have a permanent foundation and should be situated on a land owned by you. Moreover, your credit score and financial situation will be considered by the lender. If you can afford to pay off the loan, then it would not be risky for you.
To karla,
If your mobile home does not have a permanent foundation, it would be difficult for you to get a refinance. Your can look out for personal property loans.
To fearful,
You can try to get personal property loan for a mobile home which does not have permanent foundation. Retailers who sell mobile home can provide you with such loans.
To Angela,
You can use the house as a collateral to buy the land. However, if you want, you can also use the land as a collateral. Moreover, I guess the mobile home does not have a permanent foundation. In this case, it may be difficult for you to get a mobile home loan.
Thanks |
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karla
Guest
0.10 Dollars($)
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Post subject: refinance twice moved mobile |
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| we have a permanent foundation and the house is perfect inside and out. we have plenty of equity and credit ok. it's just that no one wants to refinance on a 2x moved home. we have a construction loan and interest is over 9%. |
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selina williams
Guest
0.10 Dollars($)
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Post subject: bankruptcy? |
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| What are my chances of getting financed for a mobile home if I cam currently in bankruptcy? I understand the risks and concerns, but everyone deserves a second chance, right? |
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MARGE
Guest
0.10 Dollars($)
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Post subject: POOR CREDIT |
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| OUR BKY WILL BE DISCHARGED IN 2 MONTHS I HAVE A 25 YEAR JOB AND MY HUSBAND IS ON SOCIAL SECURITY RETIREMENT WE WOULD HAVE $30,000 DOWN PAYMENT BUT WOULD NEED TO BORROW $50,000 DO YOU THINK THIS WOULD POSSIBLE AFTER THE DISCHARGE OF OUR BANKRUPTCY |
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DONNA
Guest
0.10 Dollars($)
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Post subject: |
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| ARE THERE MOOBILE HOME COMPANIES THAT HELP YOU FIND LAND TO FINANCE WITH YOUR PURCHASE OF A MOBILE HOME? |
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adonis
Joined: 22 Oct 2005
Posts: 3777
Location: ALASKA
109.26 Dollars($)
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Post subject: |
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Welcome,
To Karla,
I think you should speak to few more lenders and see if you can get a refinance. You can speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This will let you know whether you would get a loan or not. You'll also come to know about the present market rates.
To selina,
You haven't mentioned the type of of bankruptcy you've filed. If it's chapter 13, then you'll have to wait for 2 years after the discharge to get a conventional loan and 1 year after the discharge to get FHA loan. If you've filed Chapter 7, then you'll have to wait for 4 years to get conventional mortgage and 2 years to get FHA loan.
To MARGE,
You won't be able to get a mortgage immediately after your bankruptcy is discharged. What type of bankruptcy did you file?
To DONNA,
I think you need to check it out with retailers who sell mobile homes. They will be able to guide you in a proper way.
_________________
Procrastination is the enemy of your financial sucess |
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Linda
Guest
0.10 Dollars($)
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Post subject: Refinance |
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| My husband and I own a 2004 single wide with 1216 sq ft of living space and it sits on a permanent foundation on 2 acres of land which we bought outright. We have an exisitng mortgage of 54,000 on trailer. We had a bancruptcy in 2005 and have since built our credit back up with credit scores of 671 each. We were wondering if we could refinance and get a VA loan and what the current interest rate would be for us? |
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need a home
Guest
0.10 Dollars($)
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Post subject: easy mobile home loans |
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| where can i get a mobile home loan with bad credit and no money down |
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adonis
Joined: 22 Oct 2005
Posts: 3777
Location: ALASKA
109.26 Dollars($)
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Post subject: |
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Hi Guest,
It would be difficult for you to get a mobile home loan with bad credit and no money down. The credit score required for conventional loans is 720 whereas for FHA loans, you would require a credit score of 620. It would be better if you could improve your credit score first and then look for a loan. To know more about how to improve your credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
_________________
Procrastination is the enemy of your financial sucess |
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Tonya Erickson
Guest
0.10 Dollars($)
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Post subject: mobile home land loan |
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I currently own my mobile home, but i would like to borrow against it to
buy a piece of land and move my mobile home on it. Does your company
do these loans? |
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Barbara J. Macken
Guest
0.10 Dollars($)
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Post subject: I would like to pre-qualify for a mobile home only |
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Will someone e-mail me & tell me who the local lenders are. The last 2 list's I down loader were useless. I want to buy a mobile home in Georgian Manor, a 5 star senior park. I am a disabled senior with a good credit rating and I have the down payment.
Sincerely, Barbara Macken (510) 538-6912
[E-mail address deleted as per forum rules. Thanks.] |
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mad_stout@sbcglobal.net
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0.10 Dollars($)
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Post subject: Refinancing |
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| I would like to refinance to payoff credit card debt and get a new roof and new door. Approximately $68,000. My current loan is 15 mo. balance $49,000. My credit score is appox. 745. I do not want to keep getting credit checks for loan prequalifying because I know this does not look good on for credit. How can I find the right lender without having them constantly checing credit. I know to get the laon it will need to be done and that is fine I just want to shop and see what I kind of deal I able to get. Please advise. Thank you Madelon Stout. Please email answer at email addres listed for your name. Thank you. |
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