Posted on: 06th Dec, 2009 01:46 pm
I am trying to purchase a triple wide mfg home on a permanent foundation. The property included has its own well and septic in Indiana. The purchase price is $120,000. I want to do this with a minimum down payment. This will become my be my primary residence upon the sale of my current home. I have a 760 credit score and family income if appx $130k annually. Local banks want 20% down. Is there a way to do this with appx 5% down?
Just check with one of the qualified loan officers here on this forum. However, I think you find that it would be difficult to get a loan with only 5% down using your scenario.
