Posted on: 15th Oct, 2010 04:53 pm
I need a loan for 15000 to purchase a mobile home what do I need to get a loan?
Real property mobile home loans: These loans cover both the home and the lot on which the home is built. This loan is similar to any other type of mortgage loan and has similar prerequisites for introductory down payment like any other conventional home loan.
The best place to start your search for a low down payment loan is with the financial institutions that you deal with. They include the following:
The bank or credit union where you have a savings or checking account.
Lenders who have previously offered you a loan.
The best place to start your search for a low down payment loan is with the financial institutions that you deal with. They include the following:
The bank or credit union where you have a savings or checking account.
Lenders who have previously offered you a loan.
You need to contact the local lenders offering mobile home loans and apply for a mortgage. If you meet the required criteria of the lender, then you'll be able to get a mortgage. You should have a credit score of around 700 to get a conventional mobile home loan.