Posted on: 28th Jun, 2010 07:38 am
Would like to use mobile home as collateral 1996 double wide
credit score 548 is there POSSIBILITY to obtain a loan to do repairs car and home
credit score 548 is there POSSIBILITY to obtain a loan to do repairs car and home
Hi patgavin!
Welcome to forums!
With a credit score of 548, it would be difficult for you to qualify for a home loan using the mobile home as a collateral. In order to qualify for a conventional home loan, the lender will require you to have a credit score of 700-720. I would suggest you to improve your credit score first and then look out for loans. You can look at the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
With a credit score of 548, it would be difficult for you to qualify for a home loan using the mobile home as a collateral. In order to qualify for a conventional home loan, the lender will require you to have a credit score of 700-720. I would suggest you to improve your credit score first and then look out for loans. You can look at the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Feel free to ask if you've further queries.
Sussane