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we filled out the credit app and turned it in he said he would but it into a couple different banks. how long do you think before we hear something within this week? also we were aprroved for a 60,000 mortage threw 2 different banks with a 10% downpayment, we have the downpayment so you think we will be aprroved for a modular home loan? im not asking for 100 percent correct answer just in a general idea, i heard its different getting a modular home loan vs a home mortgage any ideas?

2007-07-01 12:55:26 · 3 answers · asked by mandrin4200 2 in Business & Finance Renting & Real Estate

we also own the land where the home will be placed. it will be our downpayment deed to the land

2007-07-01 14:28:59 · update #1

3 answers

A modular especially if not also connected with a part of owned land is looked at more so like a car loan, wherean the 30 year rule does not apply.

2007-07-01 14:25:17 · answer #1 · answered by Pengy 7 · 0 0

You should hear something this week, remember he needs time to send it to the banks and hear back.

2007-07-01 13:01:07 · answer #2 · answered by Lorne's Tribe 2 · 0 0

It might take 2 weeks, but not more than that.

2007-07-01 13:14:53 · answer #3 · answered by jdkilp 7 · 0 0

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