Does anyone know of a company that will finance a mobile home for someone with bad credit?

4 Comments

1. RE says:

   June 11, 2010 at 7:50 pm

   Tell them to go talk to the people at the mobile home company. Many time, they can help you achieve what you can’t get done on your own. They will pay a high interest, however.
2. lepr0kan says:

   June 14, 2010 at 11:57 pm

   als zij fatsoenlijk recent krediet in de afgelopen 12 maanden hebben en over 580 noteren kunnen zij lening een van FHA kunnen krijgen of van USDA allebei niettemin zeer strikt zijn wanneer het over richtlijnen voor sta-caravan komt. Als hun scores onder 580 zij won' zijn; t om zal voor om het even wat te kunnen kwalificeren en wat geld moeten omhoog besparen en onderaan hun schulden eerst betalen.
3. Debt Guru says:

   June 18, 2010 at 11:44 am

   Generally speaking, lenders do not like to offer loans on mobile homes because, unlike homes that are built on permanent foundations, which tend to gain value over time, mobile homes tend to lose value, or depreciate, as time passes. Lenders take a security interest in a home on which they lend money, in case the borrower defaults on the payments, allowing the lender to foreclose on the home. During a foreclosure, a lender will sell the home to recoup as much of their money as possible. However, since mobile homes tend to lose value over time, it is much more difficult for lenders to get their money back through a foreclosure. For example, if a lender loans you $50,000 on your home based on its current value, and you default on your payments 10 years later, the lender may only be able to sell the property for $10,000, meaning the lender would lose a significant amount of money in the process.

   While most standard lenders do not offer loans on mobile homes, some specialty lenders will allow borrowers to finance their mobile homes. You should keep in mind that loans on mobile homes are not the same as standard mortgage loans. Rather, they are generally referred to as personal property loans, and carry higher interest rates and shorter loan terms than regular mortgages. If you are interested in obtaining loan for your mobile home, you should look for a specialty lender who offers mobile home financing, such as

   Again, you will probably pay a higher interest rate on a mobile home loan than a standard home loan. You need to make sure that the interest rate being offered to finance your home will not cause you further financial problems.
4. Preetisee says:

   June 20, 2010 at 7:12 pm

   er is een vrije plaats dan u kan omhoog helpen uw kredietscore. zij trokken mijn score over 50 punten in twee weken uit en zij hielpen uit een!