Posted on: 19th Sep, 2010 10:36 am
I am a senior citizen and would like to buy a mobile home. I am living on a fixed income.(social security check). Can i get a low income loan. I never bought anything this big before. What good advice can you give me about getting a low income loan and buying a mobile home. Thank You
Hi hcwah,
With the help of a social security income, you'll be able to qualify for a mobile home loan. You need to contact the local lenders and check out if they will approve you for a mortgage. Apart from your income, your credit scores and debt to income ratio will also be taken into consideration before the lender approves you for a mortgage.
Thanks
With the help of a social security income, you'll be able to qualify for a mobile home loan. You need to contact the local lenders and check out if they will approve you for a mortgage. Apart from your income, your credit scores and debt to income ratio will also be taken into consideration before the lender approves you for a mortgage.
Thanks