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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.

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14y ago

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What are the required documents for applying for a home equity line of credit?

The required documents for applying for a home equity line of credit typically include proof of income, credit history, property appraisal, and identification documents.


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 options available for mobile home refinancing?

The options available for mobile home refinancing include traditional mortgage lenders, specialized mobile home lenders, credit unions, and online lenders. Each option has its own requirements and terms for refinancing a mobile home.


How does applying for a home loan affect my credit score?

Applying for a home loan can temporarily lower your credit score due to the hard inquiry made by the lender. This is because the lender checks your credit report to assess your creditworthiness. However, the impact is usually minimal and your score can recover over time.


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."

Related Questions

What are the required documents for applying for a home equity line of credit?

The required documents for applying for a home equity line of credit typically include proof of income, credit history, property appraisal, and identification documents.


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 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 options available for mobile home refinancing?

The options available for mobile home refinancing include traditional mortgage lenders, specialized mobile home lenders, credit unions, and online lenders. Each option has its own requirements and terms for refinancing a mobile home.


How does applying for a home loan affect my credit score?

Applying for a home loan can temporarily lower your credit score due to the hard inquiry made by the lender. This is because the lender checks your credit report to assess your creditworthiness. However, the impact is usually minimal and your score can recover over time.


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.


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."


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.


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.


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.