Financing in 95330>Question Details

Christie, Other/Just Looking in 95330

in calif, Mom wants to buy mobilehome28,000 10% down on social security is 80 can she finance herself

Asked by Christie, 95330 Sun May 6, 2012

1120 mth income credit iffy want 15yrs loan

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John DL Arendsen’s answer
It really depends on the year the home was built in. If it's a pre HUD home, built before June 15, 1976, she may have a difficult time with 20% DP. Additionally, there are a lot of health concerns about pre HUD homes that she needs to know about.

Additionally, if it's a lease/rent park she needs to investigate the rental/least terms and make sure she's not going to get jacked on her rent. A lot of folks get build alive in MH parks where the landord keeps jacking up the rent. It can actually drive a person right out of a park.
0 votes Thank Flag Link Mon May 7, 2012
christie here;) its a 1995 double wide rent is 567$ also how many years is the most you can finance for on MH also is it possibe to use a co-sighner? Honestly, do you think its worth checking out with the realtor? thanks for responding.
Flag Wed May 16, 2012
if your mom qualifies based on her income, debt ratio and credit, then yes, her age has nothing to do with qualifying for this loan.
0 votes Thank Flag Link Sun May 6, 2012
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