0
What are some things to look for when applying for a mobile home loan with bad credit?
Wiki User
∙ 12y ago
One thing you will need to look for is a company that is willing to loan money to someone with bad credit. After finding such a company, make sure the interest rate and down payment are affordable in your situation.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is one tip I should know before applying for a home equity line of credit?
Before applying for a home equity line of credit the one tip you should know is to know your credit score. By kowing your credit score you are able to approach your bank with the information you need to apply for the right program and recieve the right line of credit.
What are the requirements to qualify for an FHA home loan?
"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."
How can someone with bad credit purchase a home?
Buying a home with bad credit can be difficult but not impossible. First check your credit score then try to have your card limits raised which will help the credit score. Then talk to a loan officer to see which debts are best to eliminate before applying for credit.
Where can one receive a special offer for applying to a credit card provider?
One can receive a special offer for applying to a credit card provider from various companies that have their own credit card or are affiliated with a credit card company via direct mail. The special offers are targeted at current customers of whom they already have their home details.
Where can someone with bad credit apply for a home loan mortgage?
Having bad credit does not stop a person from applying wherever they wish to for a home loan mortgage. It does, however, make it significantly less likely that they will be approved.
What is one tip I should know before applying for a home equity line of credit?
Before applying for a home equity line of credit the one tip you should know is to know your credit score. By kowing your credit score you are able to approach your bank with the information you need to apply for the right program and recieve the right line of credit.
Can you take out a home equity line of credit on a mobile home?
Yes, but you will not get as much money as on a regular home, depends on the year of home, how it looks, if your credit is good you should get at least 15,000 to 20,000 credit line.
What is a Bad Credit Mobile Home Loan?
Bad Credit Mobile Home Loan is a type of loan that is extended to people with low credit score. In addition, the loan itself is reviewed from time to time making sure the rate is appropriate for the borrower.
What are the requirements to qualify for an FHA home loan?
"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."
How long can a mobile home repo stay on your credit?
Seven years from the entry of the judgment.
Does owning a mobile home count as first time home owner?
Yes purchasing a Mobile Home counts under 1st time Home buyer. Credit is 10% of purchase price up to $80,000.
How can someone with bad credit purchase a home?
Buying a home with bad credit can be difficult but not impossible. First check your credit score then try to have your card limits raised which will help the credit score. Then talk to a loan officer to see which debts are best to eliminate before applying for credit.
Do the terms buying and owning a home mean the same thing when applying for credit?
No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.
Where can one receive a special offer for applying to a credit card provider?
One can receive a special offer for applying to a credit card provider from various companies that have their own credit card or are affiliated with a credit card company via direct mail. The special offers are targeted at current customers of whom they already have their home details.
Where can someone with bad credit apply for a home loan mortgage?
Having bad credit does not stop a person from applying wherever they wish to for a home loan mortgage. It does, however, make it significantly less likely that they will be approved.
Can I get a mobile home loan with bad credit?
No it's not possible to get mobile home loan with bad credit.But it can be checked also by making loan application safely and securely for the best rates possible.
Where can one get a mobile home loan with bad credit?
Since the subprime lending crisis beginning in 2008, home loans of all kinds have become more difficult to come by with bad credit. Applying for an FHA loan is one option, if you qualify; another is to simply shop around for lenders, accepting that you will have to put down a greater down payment and pay higher interest rates on your loan.
