subject: Personal Property Mobile Home Financing and refinancing guidelines [print this page] Personal Property Mobile Home Financing and refinancing guidelines
Products of mobile home loans are offered to eligible applicants to purchase a new or used mobile home or refinance an existing mobile home loans. Home loans for mobile homes on leased land in a park called "The mortgage of personal property and mobile homes, in their country and lending institutions for financing both the mobile home and land are home mortgages. Charges' interest are generally higher, shorter loan propertyGuides Bank, as the site for the mobile home is essential.
Personal property of a typical mobile home financing and guidelines of funding:
Double Mobile Homes range in 1976 and later
Single-wide mobile home, model 1993
Down payments of at least 5% of the model homes, 1993
The mobile homes are on leased land as a park
Minimum credit scores of 660 or higher
Not exceed the debt / income 45%
Value of the dwelling shall not exceed 34%
Minimum 700Credit rating of refinancing to consolidate debt
Home values outside the NADA or the assessment is based
Note that the minimum requirements for the session does not guarantee approval. This information should be used only as a guide. All programs have financial eligibility criteria and are subject to change without notice.
Manufactured homes are on one floor and one on the website of the House, turned over two or even three sections. Floors, furniture, furnishings, appliances andTubes were installed at the factory. If your house has various sections, the sections are assembled on site with a minimal work-finals by the installer, as if the installation of carpet and connection of utilities. Manufactured homes may be privately owned or a community produced brought home.
