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Bad Credit Mobile Home Loan Program

Bad Credit Mobile Home Purchase Loan Highlights

  • C & D Credit Files accepted
  • Bad Credit Best Rate Guarante
  • As Low as 20% down payment
  • No maximum loan amount
  • Non Owner occupied Ok
  • No Cash Reserves Required
  • Gift down Payment Allowed
  • Loan Terms up to 30 years
  • No Private Mortgage Insurance(PMI)
  • Debt to Income Ratio up to 50%
  • Secure Fixed Rate Programs Only
  • Approvals In 1 to 2 days
  • Closings In As Little As 4 Days
  • Seller Assist Allowed (CA, OR, WA)
  • Stated Income Allowed
  • Pre Hud Financing Available
  • Singlewide Financing Available
  • No pre payment penalty
  • Online billing & impound setup available

Bad Credit Mobile Home Refinance Loan Highlights

  • C, D & F Credit Accepted
  • Bad Credit Best Rate Guarantee
  • Cash & Bill Consolidation to 65% 
  • Bk & Foreclosure OK. 
  • No Maximum Loan Amount
  • No Cash Reserves Required
  • Cash For Any Reason 
  • 6 months space rent can be financed 
  • Loan Terms up to 30 years
  • No Private Mortgage Insurance(PMI)
  • Debt to Income Ratio up to 50%
  • Secure Fixed Rate Programs Only
  • Approvals In 1 to 2 days
  • Closings In As Little As 3 Days
  • Stated Income Allowed
  • Pre Hud Financing Available
  • No Pre Payment Penalty

Stop Forclosure

Stop Nagging Creditors

Eliminate High Interest Tax Leins

Consolidate Loans Into One Payment

Pay Off Credit Cards

Buy a New Car

Make Home Improvements

Home Remodeling

Take a Vacation

Bank Some Reserves for Hard Times

Start a New Business

In Fact...Anything You Dream Of

  • Do You Need Money Fast?
  • Have You Been Declined Before When You needed it most?
  • Have You Been Told Your Home Doesn't Have Enough Value, Your Mobile Home is Too Old,  Or That You Don't Make Enough Income?
  • Are You Tired Of Wasting Valuable Time On That Other Lender's Empty Promise?
  • Are You Tired of Yes, Yes, Yes Until Your Credit Report is Pulled?

Then E-MobileHome Bad Credit Lending is For You

Loan Questions And Answers

 Mobile Home Loans Q & A  

  • What is the Fico range for a bad credit rating with manufactured lenders.
    Generally bad credit is those clients with a previous bankruptcy or significant ongoing collections and/or leins, significant debt, lawsuits and/or past or present ongoing foreclosure and a credit score of 599 and below. (in some cases credit score is not the only determining factor for a fair credit loan. We will always try to qualify you fair credit first)
  • What is debt to income ratio?
    Debt to income ratio is the calculation used by us to determine how large of a loan balance your income can support. Typically this calculation is figured by adding all your bill's minimum payments due each month, your space rent & new mortgage payment divide by your gross income.
  • What is the lowest down payment I can put down: for bad credit 30% down required. In some case we allow for 20%  down for bad credit borrowers but there must be other strong factors.
  • What loan term can I expect with bad credit?
    This depends on many factors. With bad credit files the usual loan term is 20 years fixed.
  • What will my closing costs be?
    Bad credit borrowers will usually have to pay points. Typically, our closing cost ranges from $2700 to $4800 depending on the loan size. (In some cases bad credit borrowers may require more closing cost depending on overwhelming negative factors)
  • Can I consolidate bills? Yes. In some cases we actually may have to mandate you pay bills to get your debt versus income inline.
  • Can the seller assist with down payment?
    In CA, OR & WA we have programs where the seller can assist with securing part of the risk in a bad credit mobile home purchase loan... they may also assist with closing cost, repairs, fire insurance and home warranty. We do allow gift for down payment. 
  • What items must be prepaid?
    There are no pre-pay items. Typically we allow you to finance into your new bad credit purchase loan up to 2 years of fire insurace, 2 years of a home warranty program, closing cost and up to 6 months of space rent.
  • How long is quoted interest rates good for?
    Called a rate lock, under normal instances we lock the rate for 60 days which is free to the client. 
  • How long will the approval take?
    With a complete file and motivated client approvals take 30 minutes with loan closings in as quick as 3 days for bad credit.
  • Will the loan have a prepayment penalty?
    Absolutely not. Even with a bad credit standing we won't be assigning a pre-pay penalty.