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smithsussane
Joined: 18 Sep 2008
Posts: 3627
Location: Alaska
541.91 Dollars($)
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Hi!
Welcome to forums!
To Tonya,
This is a mortgage community and not a company. As you are planning to buy a land, it would be better if you could go for a land loan. You can use the land as the collateral rather than the mobile home. You can speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you know the type of rates and terms you can expect to get.
To Barbara,
You can contact the lenders of your area and check out what type of loans you can receive. You can also seek a no obligation free mortgage consultation from the lenders of this community. This will also give you an idea about the rates and terms you can receive.
To mad_stout,
With a credit score of 745, you can apply for both FHA as well as conventional loans. As you want to add a new roof and new door, you can also go for home improvement loans. However, you should inform your lender that you would also be paying off your credit card debts with the loan. Whichever lender you choose will pull your credit at least twice - while pre-approving you for the loan and finally before the closing.
Sussane |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7129
Location: bloomfield, ct
18.93 Dollars($)
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tonya, you will find it quite difficult to obtain a loan for the sole purpose of purchasing land. barbara, it would be beneficial for us to know where you are intending to purchase (state).
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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cjmar72
Joined: 30 Mar 2009
Posts: 2
1.25 Dollars($)
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Post subject: Assumption loan for mobile homes |
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| What is an assumption loan for a mobile home, and can a park manager just negate it because we asked too many questions? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7129
Location: bloomfield, ct
18.93 Dollars($)
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wow.
anyone who would negate anything for someone having "asked too many questions" ought to be someone you wouldn't want to transact business with, anyway.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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kind70@aol.com
Guest
0.10 Dollars($)
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Post subject: Buying a forclosed manuf home on pem foundation |
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| We found the house of our dreams in the county that was foreclosed but being sold "AS-IS". The house has 3 broken pipes because the previous owners did not winterize it and some very minimal mold in the basement from a water leak from a downspout. Our loan is and FHA loan and the bank that owns the home wont let us in to fix anything so FHA is not going to work. We were then approved for a conventional loan and they then told us they can only cover 80 percent because the house is manufactured. Our closing date is in 11 days and we cant get a lender and the house is going to be put back on the market. We dont have the other 20 percent neded for the conventional ! What can we do? we are almost out of time. |
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janalee
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0.10 Dollars($)
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Post subject: mobile home |
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| my crdit score isnt high enuf to finanace a amobile home hoe can i find an ownre finace that i can put on my propoerty that is morgaged and cant be used as collatreal |
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Ana
Guest
0.10 Dollars($)
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| I don't think you would get a owner financing. You should first try to improve your credit score and then look for loans. |
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Joyce
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0.10 Dollars($)
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Post subject: |
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| My credit is bad and I need to refinance my Manufactured loan fast before it goes in to forclosure. What can I do? |
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Guest
0.10 Dollars($)
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Post subject: |
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| talk to your lender. |
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offshorewarrior
Guest
0.10 Dollars($)
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Post subject: refi. mh |
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| I have a m.h thats been built around on a concrete foundation.This is a lake front property.Sq. footage is 1700. I cant find anybody who wants to refi. on this.My credit score is 790. Please help me locate somebody to help me get out of this arm. |
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Niicss
Joined: 03 Oct 2005
Posts: 2579
Location: New Jersey
402.93 Dollars($)
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Hi offshorewarrior
Did the lenders give you any reason as to why they won't refinance your property? The credit score that you have mentioned is good enough. You may try speaking to the lenders of this community and seek a no obligation free consultation from them. This will let you know what type of rates you can expect to get.
Thanks.
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Good is the Enemy of Great. |
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helpless
Guest
0.10 Dollars($)
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Post subject: bankruptcy |
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| can help still be available for someone on bankruptcy |
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Wondering
Guest
0.10 Dollars($)
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Post subject: Re-fi |
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| We bought a doublewide two years ago and remodled it...and added an addition. Our big mistake..or one of them was to use our credit to add the addition. Our scores went from the mid 700's to mid 500's. All from maxed out credit cards and loc's. The second big mistake was not getting the pillars (msp?) on the dw done to meet FHA standards. We want to refinance the home and land with cash out to pay off some of the credit we used to build...which would help the credit scores. The addition alone is over 2k sq ft. It's value alone is around $134k. But with the dw attached it's worth about the same..maybe a little more. We had an appraiser look at it and gave us the value. We owe $77k on the land (24 acres). My husband has worked at his job for about 10years and has a good salary.. I'm working as a temp right now. Guess that doesn't help eh? Anyway..are there any options that you know of? |
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adonis
Joined: 22 Oct 2005
Posts: 3777
Location: ALASKA
109.26 Dollars($)
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Welcome,
To helpless,
It would be better if you could give further details about your situation. This will help me in answering your query in a better way.
To Wondering,
If you have good credit score and if your financial situation is good, then you can apply for a loan and qualify for it. But your property has to meet the required standards. If your property does not meet the required standards, then it would be difficult for you to refinance it. |
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nbwright
Guest
0.10 Dollars($)
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Post subject: help |
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| my husband and i have found a double wide mobile home we want to purchase. I am on disability. He is a farmer. We do not own the land he farms. i need a loan with a fixed rate. i am wondering if there are any loans available to us. i need to know asap. thank you. |
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