2006-06-19 09:40:43 · 5 answers · asked by Jay B 2 in Business & Finance ➔ Renting & Real Estate
i hate to break it to you, but it is very hard to get financing for a mobile home with bad/poor credit and no money down.
2006-06-19 09:44:04 · answer #1 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
I have heard that even with bad credit, people still need a place to live and if you can prove you pay your rent on time, financing may not be so hard. And if you make your payments on time for a year or more you may be able to refinance at a lower interest rate, because with bad credit you won't get the best interest rate at first. It doesn't hurt to try.
2006-06-19 09:46:16 · answer #2 · answered by smartypants909 7 · 0⤊ 0⤋
Try rent to own. Try finding a mobile home owner who will provide the financing, that is, make payments to the owner rather than a bank or finance company.
2006-06-19 09:47:21 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
If you have someone who will co-sign a loan then you would be able to get financing through a bank. You will still need to have a down payment. Some manufactured parks will sell you used homes on a rent to own basis.
2006-06-19 10:24:50 · answer #4 · answered by muscnmyhart 2 · 0⤊ 0⤋
Contact a loan broker. It is possible to finanace almost ANYTHING these days. I don't know what state your'e in, but if you live in CA, email me. I know a great gal who can help you.
2006-06-19 09:44:06 · answer #5 · answered by freedomnow1950 5 · 0⤊ 0⤋