Posted on: 17th Sep, 2009 01:06 am
1986 14x84 mobile in good shape on approx. 2acres..we rent for 450 he wants 26000
Hi,
You can surely go for a mobile home loan to buy the property. You can take either a mobile home mortgage loan or a personal property loan. If your income is decent, you should qualify for a loan of $26,000. How good is your credit? The credit requirements are stricter now and you need a credit score of around 620 to qualify for any type of loan. Also keep in mind that the mobile home is quite old and not all the lenders would want to finance such an old home.
You can surely go for a mobile home loan to buy the property. You can take either a mobile home mortgage loan or a personal property loan. If your income is decent, you should qualify for a loan of $26,000. How good is your credit? The credit requirements are stricter now and you need a credit score of around 620 to qualify for any type of loan. Also keep in mind that the mobile home is quite old and not all the lenders would want to finance such an old home.