Does anyone know anything about purchasing a Manufactured home in California??

Hey I was wondering if anyone knew the average length of time/and or the max amount of time you can get on a loan for the purchase of a mobile home? Also what's an average interest rate for fair credit? I'd apprecite the help sooo VERY much!

Thanks
Sophia

Answer:
Hello Sophia,

How are you? We can go up to 95% LTV on a manufactured home.

We would need to have your FICO scores at 620. Now, we do provide Free credit remediation, which simply means we'd work with you to improve your scores if needed.

Often times we find errors on our clients credit reports, or simply need to adjust some balances on their credit cards. There is a great website which will provide you free information on mortgages.

It is http://freemortgageinformationsouthernca.

BTW, where I live in Laguna Beach there are some manufactured homes with ocean views that I'd love to live in.

Kindest Regards,
Darren Meade
Hey Sophia,
First of all and I am not trying to be ugly..but, why would you want a manufactued home? They don't increase in value as a normal home would. Not a real good investment. You can get a 30 year loan but, nobody will do 100% financing on a manufactured home (double wide only). You'd have to put money down. Average interest rate for good credit is about 7%. That would increase a bit for loan on a manufactured home.

The answers post by the user, for information only, BAnswer.com does not guarantee the right.

Other Questions and Answers:
  • how can I own a new home with not so good credit and with $3000.00 down payment,?
  • Help! What can I do with my Real Estate license and Notary Public commission in the state of California?
  • Why are homes so expensive in the UK?
  • Does anyone know what is float down rate? Thank you?
  • UK question: Can you get a mortgage if you are unemployed?
  • How do you know you aren't getting overcharged in closing costs?
  • If a personal injury statue of limitation has expired, can it still be taken up in small claims court?
  • can anyone help me with buying preforeclosure property in the ca beach cities?