we are trying to buy a peice of property with a large newer single wide mobile home, but i have no credit it has about 7 acres of good ground fenced in,i have a good job for the state of ky., i just got divorced and everything before was in my husband's name.
PLEASE HELP IF YOU CAN
JACKIE
2006-06-14 16:32:55 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I am a mortgage broker but have no lenders for financing a single wide as our loan amount can't be lower than $100k
I do know 21 Mortgage Corporation finances singlewides.
They are based in Kentucky or Tennessee.
Email me for the phone number at:
jdw222_001@yahoo.com
Sincerely,
James Wright
2006-06-14 16:39:24 · answer #1 · answered by J W 3 · 0⤊ 0⤋
I rented a place for a year from a friend of my dad's. Technically, all we did was a one-year lease with option to buy (with a loan, not cash). Basically, you just have to be straight with your landlord/landlady: "I wanna buy this place, but here's why I want to rent it for a year first." Why do you want to rent it at all, if you know it's what you want? That's what I'd ask; have a good answer. And have some good references; the more people who think you're cool, the cooler you'll seem. Hope that helps.
2006-06-14 23:46:13 · answer #2 · answered by wood_vulture 4 · 0⤊ 0⤋
Sorry, Jackie. The home you live in is a single wide, and in order to secure a mortgage on it, it would have to be on a permenant foundation.
2006-06-15 00:48:54 · answer #3 · answered by Kaz 3 · 0⤊ 0⤋
You may want to look into "contract for deed" arrangements-not highly favorable but may fit your need. good luck.
2006-06-14 23:36:52 · answer #4 · answered by jaemers24 3 · 0⤊ 0⤋