Posted on: 27th May, 2009 10:18 pm
I am trying to purchase a mobile home from my parents (it is on the verge of repo.) The land is owned by my folks that the home sits on. I have poor credit and low income. Virtually impossible to get a loan. Right? Any suggestions? thanks...p.s. The home was built in 1993, but not on a permanent foundation.
Hi
It is virtually impossible to get a mobile home loan with a poor credit and low income in this market. A 620+ credit score is a must these days to qualify for a loan. How poor is your credit? is it less than 600 points? what is your approximate income?
It is virtually impossible to get a mobile home loan with a poor credit and low income in this market. A 620+ credit score is a must these days to qualify for a loan. How poor is your credit? is it less than 600 points? what is your approximate income?
Specify your credit score?
Specify your region too? which country?