I purchased a manufactured home about 2 years ago and I am making my mortgage and lot rental payments. I have a 15 year mortgage.I have a lot of credit card debt ( I pay about 0 a month in minimum payments). I would like to consolidate this into one payment so I feel like even if I am living pay check to pay check I am doing ok and pay them off and close the account. only want one card with a low credit limit. Plus the interest rates are high. I have good credit (approximate score 685-710 at last check) never made a late payment, or missed a payment no bankruptcy etc. So my question is should I be able to get a consolidation loan without a co-signor and is this the way to go. I would like to also purchase a new car (lease is up and need to get a new one) should I roll this all into together or do seperate loans and will that even be possible. Any guidance would be helpful thanks.

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Basically I am looking to lease a Manufactured home, aka double wide. I want to know if there is any way of doing so with no credit. I know they have tightened down the past few years on loans, but can a 10% down payment change their minds? We dont want to go through the hassle of finding and apartment, and being stuck in a lease. I’m moving in the next month, and want to possibly go this route. We can afford it, but will they see that?

Technorati Tags: apartment, hassle, loans, manufactured home

We want to get a loan to buy this property, We are first time home buyers but I heard they wont give loans for single wide manufactured homes. That is what is on the land. We want to build a house eventually but how can we get a loan for this property with a old single wide on it? I dont know if this will make a difference but it pretty much isn’t even a single wide anymore because the owner has built on so much to it. Will that make a difference when we go to apply for a loan? thanks for advice.

Technorati Tags: first time home, first time home buyers, loans, manufactured homes, time home buyers

I own land, with a tax value of 35k. I cash purchased a single wide manufactured home, and installed a septic.
I’ve been renting for 5 years and doing this slowly. Recently was laid off and my new job has my income drastically lowered. So now I need to get this single wide set up on a permanent foundation and have a well drilled, so I will have permanent housing. I’m out of cash to do this myself.

What type of loan should I apply for ? I have searched a rural development loan, but it states I must be unable to secure financing from another lender. I have yet to apply anywhere else because I’m unsure what loan to apply for. I don’t want to apply for multiple loans and lower my credit score.

I have budgeted to finance between 15-20k

My credit history is 3 years old, with a car loan paid, revolving new car loan and a credit card.
My new job is in the same field, which I’ve been in for 7 years. I have been on this new job for 3 months. I was laid off for 3 months before finding this new job.

Technorati Tags: 3 years, credit card, credit history, credit score, development loan, loans, manufactured home, new car loan, new job, rural development

We have a problem. A 10 acre piece of land with lots of improvements that is selling for 5K, with a small 1100 sq ft manufactured home on it.
The manufactured home limits us to a loan of 7K (about 0 cash out after costs). We only have about 0K for a down-payment.
PROBLEM 1: The manufactured loan rates are very high and seller wont pay them down.
PROBLEM 2: The property will appraise low now at about 0K max.
PROBLEM 3: The loan limits us to how much we can pay and the owner wants to carry the balance above the appraised value at a high rate.
PROBLEM 4: Seller wont come down on his price, pay down loans or be flexible.

Any ideas (besides finding another place)? When will the new loan limits on manufactured homes go up? I understand it is soon? Will the rates be lower on them or about the same as now – a half point or so higher? We have 00 mo income and credit score of 780.
Thanks
We want to buy this property because it has fabulous horse set up. New barn, fences, irrigation systems, pond, arena and huge septic and well. Manufactured home will be eventually torn down to build a new home for us.

Technorati Tags: 7k, acre piece, credit score, fences, half point, improvements, irrigation systems, loan rates, loans, manufactured homes, new barn, sq ft

Already checked Quicken and many others. Most investors don’t offer loans on manufactured homes

Technorati Tags: investors, loans, manufactured homes

I am interested in purchasing manufactured homes (mobile homes) on loans, and create a mobile home park. How do I go about it? Where can I buy the houses at factory prices? What permits, licenses do I need? What kind of loans should I get? What is the minimum down payment required? I want to start with five, then use the profits to purchase more mobile homes. Must be in Ohio for the time being. With more money, I will consider other states. Another option I have thought of is apartment houses from Ritz-Craft. Advices given would be appreciated. Landlords or owners of apartments and rentals only. No people thinking they know what they are talking about, please.

And I do not want to live on the same property among the tenants.

Technorati Tags: apartment houses, apartments, home park, landlords, loans, manufactured homes, minimum down payment, mobile home park, Mobile Homes, money, profits, ritz

The nation’s largest builder, distributor, contractor & lender of manufactured housing under the Clayton umbrella? Whose company, Vanderbilt, routinely finances anyone with a sizable downpayment on the spot with interest rates at unheard of highs, with just a phone call? Then, just as routinely, repossesses & resales these homes? Whose finance company refuses to refi those same loans as credit improves & threatens to pull its financial backing from any bank that would?

http://www.ripoffreport.com/reports/0/196/ripoff0196515.htm

I have seen this man finance a 120k park loan for a 22yo making minumum wage with 35k down from a inheritance. How long could a single 22yo living alone make payments on such a loan? @ 16%+ interest? Having been offered employment with his company, I declined because I did not have the stomach for it.

Should Hillary be accepting the support of a man who has made a fortune from exploiting our lower classes this way?
If you have ever walked into a Clayton lot, you know these guys are hard sale…
Dashloc, Gustooch, thinking that this woman and her cohorts could sit in our WH, scares the heck out of me.

What are people thinking? Are they just that uninformed?
You are right, Barry.

Land, money – Buffet will strip unwitting buyers of either and not bat an eye.

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Does anyone know any loans that will finance a manufacutred home?

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Its seems that my house has the wrong name. If it was called a modular, or anything else, I could pretty much get any loan I wanted. But, because my house (4 yrs old, 2000 sq ft triple wide, which has 2×6 walls, all the upgrades like a house built on site) is called a manufactured home (even though I have a permant foundation, not on wheels) I can only qualify for higher rates, shorter loans, and only qualify for 65% debt to value. I was offered better rates, etc. when they thought it was just a stick built. Whats up with this!!!

Technorati Tags: 2x6 walls, loans, manufactured home, sq ft, wheels

I'm a little confused interpreting what they are saying. Here's their response:

Yes, you can use your VA benefit to refinance your existing home into (or back into) a VA loan.

"In most cases, the loan may not exceed 90 percent of the reasonable value of the property as determined by an appraisal, plus the funding fee, if required. The maximum VA guaranty is ,000, which covers a loan up to 4,000. For loans amounts above 4,000, most lenders will want additional security, such as equity in the home, along with the VA guaranty. Each lender has their own policies, so you should talk to a VA-approved lender regarding your specific situation. The loan may include funds for any purpose that is acceptable to the lender, plus closing costs, including a reasonable number of discount points. A veteran must have available home loan entitlement. An existing loan on a manufactured home (except as noted below) may not be refinanced with a VA guaranteed loan."
Is the K what they will guarantee above the loan amount or is K what they will guarantee on the loan?

Thanks in advance.

Technorati Tags: additional security, benefit, closing costs, existing home, guaranty, home loan, lenders, loan entitlement, loans, manufactured home, thanks in advance, veteran

I'm trying to refinance a client with a manufactured home. Loan had been approved with Wells, but they stopped all loans on manufactured in December. I already checked with Chase, Suntrust, First Horizon. None of them do manufactureds either.

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refinance my land loan to add my manufactured home loan in one, can it be unfixed to two separate loans, once it has already been done together?

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My husband and I bought a manufactured home back in 2001. Unfortunately, we were very inexperienced and did not understand that having money down at closing was so important. At the time, we also had bad credit, but the dealer was determined to sign us. We ended up buying down 7 points and rolling it into the cost of the loan along with the other closing costs in order to lower our interest rate into something we could afford. It was lowered from 12.5% to 10.75%. We have always made timely payments for the last 6 years, but would like to refinance to get the incredibly high interest rate down. Our current lender says that 10.75% is their lowest rate, and our credit union won't finance due to the negative equity. The house is appraised at ,000 and we still owe ,000 on the loan. I've heard that there are loans available for 125% of a home's value, but not if it's manufactured. Does anyone know of any alternatives or have any useful suggestions to help us?
Also, just to clarify, the house is attached to a permanent foundation on a piece of land that my husband and I own.

Technorati Tags: 6 years, bad credit, closing costs, finance, high interest rate, loans, manufactured home, money, negative equity, timely payments

My fiance has a manufactured home and we are looking to refinance it so his brother can take over the payments. Anyone know of someone who does this type of loans preferably in Bakersfield California. Thanks.

Technorati Tags: bakersfield california, brother, fiance, loans, manufactured home