Posted on: 08th Jul, 2012 08:33 am
We have a doublewide trailer with a 4 car garage and have no mortgage. We would like to borrow about 30,000 for a few improvement projects as well as pay off a car note. Property is in a rural subdivision located in Florida. Credit is fair to good with no problems in the last couple years.
Hi oldflatfoot,
You can contact the local lenders and start applying for a mortgage using your property as a collateral. If you want to take out a conventional loan, you need to have a credit score of around 700-720 whereas if you want to go for a FHA loan, then you need to have a score of around 600-620.
Thanks
You can contact the local lenders and start applying for a mortgage using your property as a collateral. If you want to take out a conventional loan, you need to have a credit score of around 700-720 whereas if you want to go for a FHA loan, then you need to have a score of around 600-620.
Thanks
Hi oldflatfoot!
Welcome to forums!
This community has a large number of lenders who participate in the forum discussions. You can seek a no obligation free mortgage quote from them and check out whether or not you may get a mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
This community has a large number of lenders who participate in the forum discussions. You can seek a no obligation free mortgage quote from them and check out whether or not you may get a mortgage.
Feel free to ask if you've further queries.
Sussane