Posted on: 18th Mar, 2009 11:49 am
we bought a movil home is a 2002 about a year ago and now we want to buy a land to install it there so how can we get a loan to buy the land and to move our home from where it is now to the land right now is on a trailer park?
Hi gerardo_coronas,
You will have to contact the lenders who are offering land loans and check out the terms and conditions of getting the loan. You will require a good credit score and income in order to get approved for a loan. You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. It will give you an idea about the market rates and terms.
You will have to contact the lenders who are offering land loans and check out the terms and conditions of getting the loan. You will require a good credit score and income in order to get approved for a loan. You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. It will give you an idea about the market rates and terms.
In this day and age you could be looking at 25% or more as a down payment for the land.