Posted on: 25th Mar, 2010 05:55 am
I have an older mobilhome (payed for). I own 38,000.00 on the land in a park, which is worth 105,000.00 now. I wish to replace the old home for a new home, what are my loan options. I've spoke with a few companies and they seem to be back stabing each other for my buisness. My credit is very good and i have a score of about 796,(I don't have my records with me right now) dont have much for savings for down payment.
You can list the old mobile home in the market and sell it off. The amount that you receive from the sale of the property will help you in paying the down payment for your new mobile home. With a credit score of 796, you can apply for either a FHA or a conventional loan. I hope you have a stable income. If you do not have a stable income, it would be difficult for you to qualify for a loan.
You can seek a no obligation free mortgage consultation from the lenders of this community. This will help you know whether or not you would get a home loan. Also, it would help you know what type of rates and terms you would get.
You can seek a no obligation free mortgage consultation from the lenders of this community. This will help you know whether or not you would get a home loan. Also, it would help you know what type of rates and terms you would get.
Yea been at the same job for over 40 years. Not making a ton of money but i'm very secure here.