Financing for MH

[Frank]

My wife and I have been self-employed for over ten years. Our credit score is in the mid-500's and we are finding it impossible to find a lender who will consider us for a MH/Land loan. We are coming in with a large down-payment but this seems not to make a diiference as every lender I spoke with requires a higher fico score for them to even consider us. Any suggestions on lenders that might help us would be great.

Sadly, we can get a loan for a pre-existing home that will cost more than the MH/Land but no one will consider us for the MH/Land loan. HELP!!

[rmurray]

Your credit scores are lower than the minimum most would except..You have mentioned a "large"
down.. large downs do count with some lenders..some will forget about scores with enough down...All lenders will want tax records to verify your income...There are things on credit that are nearly impossible to over come..tax liens and open unpaid judgments are a couple that come to mind..You should try to lender section of this web site for those that specialize in manufactured homes....How large is "
large"
down?

[admin]

Mr. Murray is correct your credit score is lower than the minimum most would except.. but a significant down might make the difference. You might also ask your retailer about switching you to a modular as there are programs for modular's that will work with a lower score than will work for a manufactured HUD home.

Try the MH LOAN FINDER SERVICE, They are a mortgage information referral service that accepts requests regardless of credit history. You may request information for any type of manufactured home finance. Their goal is to provide you with information to make an informed decision for your financial future. You may discover which participating lenders offer the best programs to meet your needs. .

Click to the LOAN FINDER and fill out their short form NOW!