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You can get a "personal property loan" for mobile homes as long as it's a loan for the home only.
A personal loan is an unsecured loan in which you don't have to give any security. But some banks can ask for a guarantor or security. The terms and conditions varied as per lenders. The benefits are:
Minimum documents required.
What else can I help you with?
What are the requirements for obtaining a home equity loan for a mobile home?
The requirements for obtaining a home equity loan for a mobile home typically include having good credit, sufficient equity in the mobile home, and meeting the lender's income and debt-to-income ratio criteria. Additionally, the mobile home must be considered real property and not personal property.
Which loan is better Personal or Home loan?
home loan
You already have a fha loan on a mobil home but you want a house loan what do you do to get another loan?
Well this will depend on what kind of FHA program you are insured under for your mobile home. If it is a "Home Loan" under 203(b) program then only under certain circumstances will you be allowed another FHA. BUT if you received a "Dealer" kinda of loan under the FHA program for the mobile home it can be classified as "personal property".......possibly.... If there is land or real estate property involved in the loan then probably not. Only a FHA Lender (underwriter) will be able to determine based on a verification of mortgage or loan from your current mobile home lender.
Does a mobile home landlord have the right to personal property when mobile home is sold?
The mobile home owner has a right to personal property, NOT the landlord.
How do you gain ownership of a mobile home on my property?
To get mobile home loan you have to satisfy certain standards set up by the 1976 HUD code.For mobile home financing you can take mortgage loan to buy both the land and the mobile home or to buy either the home or the land.
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.
Can you get a personal loan attached to a new home loan?
If you have equity, you can get an equity loan
What is the mobile home called?
Unless you've picked a personal name for it, a Mobile home is just a Mobile home .
Are mobile homes personal property?
A mobile home may be a personal property but this is not obligatory.
My mobile home is on some else's land If that land is foreclosed on does my home become part of the foreclosure?
Not unless the mobile home was part of the collateral offered for the loan that is in default or. For example, if the lender gave money to a borrower and secured a lien against land, then you placed the mobile home on the property, the mobile home is your property and was not part of the defaulted loan. You will be required to vacate the land, but should be able to take the mobile home assuming it belongs to you. Generally, true mobile homes are not real estate, they are personal property. A mobile home can become real estate if it is built after the 1970s, has a HUD sticker, is on a foundation and the owner pays property taxes. If this occured and was owned by person who defaulted on the loan, it might be part of defaulted loan. There may be a trustee of record for the foreclosure, if you are unsure about your rights you may contact them or an attorney for information
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 best options for obtaining a personal loan for a home remodel project?
The best options for obtaining a personal loan for a home remodel project include applying for a home equity loan, a personal line of credit, or a personal loan from a bank or credit union. It's important to compare interest rates, terms, and fees before choosing a loan option.
