Mobile home financing with BAD credit?

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Can anyone recommend a company that will give a mobile home loan to someone with bad credit? We only have about $ 1,000 to put down, and the mobile home is $ 45,000. Has anyone been through this? Is there a company that you could recommend? We don’t have a lot of time. We are doing a “short sale” on our house to avoid foreclosure. The mortgage payments are just too high. ($ 1555.) We are really struggling, we can’t even find anything to rent for less than $ 1100. Thanks for any help.

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  1. Reply
    May 19, 2011 at 10:10 am

    Acquiring a mobile home loan is a possibility today even for people with bad or blemished credit scores. Though a few lending institutions prefer to work only with people with established credit, there are several institutions willing to lend to people with bad credit. The first questionprocess is a question of perspective. It is dependent on the way the lender visualizes the capacity of the borrower. Hence, if a particular lender refuses the loan, one can shop around. This is applicable even if one wishes to hunt for lenders offering lower rates of interest. It is advisable to get at least three different quotes before deciding on a suitable lender.

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