Please Help. What credit score should I have to purchase a manufactured home.?

Samuel, It depends on the type of loan program you are doing but for a conventional loan it can be as low as 620 although at this credit score the rates and/or fees are generally higher. Feel free to call me at 919-874-7557 if you would like to discuss further.Hugh

In NC, the answer is check with Wells Fargo. Wells probably has the strongest program in your area. If it's less than 3 years old, BB&T might have financing available. Most of the Mortgage Lenders in NC do not offer funding for manufactured homes, unfortunately.

Too much info missing... Manufactured Home on land or in a park?? If it's on land, it has to be "Affixed" in order to get a real estate loan. If it's not affixed, but on land, then you will have to find a lender who will lend on the MH by itself. If it's a MH in a park, then, again you will have to find a lender who will lend just on the MH, but you will also have to be approved by the park your moving it too.. In all the scenarios listed above, you will need at least a 620 credit score and a minimum of 10% down. (FHA allows for financing of MH's if it's affixed, with 3.5% down, however lender guidelines will require 10% Down). If you're looking at a new MH, then talk to the sales people.. They should have lending sources available for you to talk to.. WilliamAcres.com

The best programs are generally offered by lenders using FHA financing. Contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. He/She will also be able to help determine if the property you are looking to finance is eligible. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

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Have you thought that a home is a better investment and with foreclosures and low rates this is the option I would explore. Feel free to call me to discuss your optionsBill Montgomery704-839-6296