Hi I'm Brenda with People's Choice Brokers and Mortgage group. Zillow is not really the place to find out how much your property is worth. You can have comps pulled in the area and have a market analysis done. No many companies are doing loans on manufactured homes. I know it is touch. I did have one company but now they don't do them anymore either. I'll check with more of the companies and see if any of them took on those loans. There is a company in Redding that does manufactured home loans. I googled manufactured home loan refinance and some came up. You can start there and give them a call.
Hope that helps
People's Choice Brokers & Mortgage Group... more
You have to be in a USDA qualified area for this type of loan. Then Always have to be checking to make sure the funds are still available. It is another form of FHA loans it is just that you can get 100% plus you don't have to pay MIP insurance. I do loans and sell real estate. Are you looking in Oroville for this type of loan? If you can get a VA loan you can also get 100% financing and no MIP. You can call me at 530-321-5526 or email LIfeRealtor@gmai.com
Hope that helps,
People's Choice Brokers & Mortgage Group
DRE 01211581 * NMLS 536643... more
You don't have to sell your home. But you cannot count the rent as income for a new loan qualification unless you have at least 25% equity in that house. Do you have 25% equity? If not can you qualify with both payments?... more
I won't duplicate the very good information you've already received but remember anything and everything is negotiable. Cash is king so remember if you're successful in dickering your deal you better have some cash or a means to back it up.... more
Maybe I'm missing something but isn't an appraiser supposed to discuss the reason for your decision to sell with you first? Don't they usually segregate the distressed or "fire sale" properties from a straight sale property? Or is it that in today's market anything goes. I'd be quizzing that appraiser a little closer.... more
Not sure, since there is no question here. They dropped the ball but you accepted it, you could have gone out and shopped around for another one. I have had this happen to clietns before when dealing with Banks espeically and some have asked the Bank to buy it down since it was their mistake and if not, they walked. That of course is just one option.
Best of luck.
Tierra Antigua Realty
Tucson, AZ... more
Ron, our hands are tied by legislation on this kind of deal - they've capped the amount a lender can charge by % of the loan amount instead of a dollar figure. I'd have to write a check to close that loan. :(
Best bet is a credit union or local community bank. They'll have an internal loan officer on a salary who won't care about the loan amount.
Sorry to be blunt but that's why you see lenders shying away from anything under $100k. We're not allowed to charge the $ necessary to make the loan economically feasible.... more
Yes you can. but unfortunately if feels like some of these underwriters have a death wish for all deals. They love to put obstacles up for everyone to keep jumping through even though it makes perfect sense to everyone. I have these issues all the time with my buyers and sometimes you just need to go with it.