CAN ONE PURCHASE A MANUFACTRURED OR MOBILE HOME WITH BAD CREDIT?
Very difficult unless you can locate a sub-prime chattel lender who offers financing for park models, single wide or doublewide homes in a park. However, it is possible to obtain financing to either purchase or refinance an existing manufactured or mobile home if you are generally a good payer but suffered a unusual event the caused your credit rating to tumble.
An “unusual event” might be a bankruptcy caused by a medical emergency, a divorce or walking away from a mortgage because the loan balance was higher than the current home market value.
Check the web (browser search engines like Google, Yahoo or Bing) for a manufactured or mobile home sub-prime or bad credit lender. You may be directed to a site which just routes your request for hopeful quotes or directly to an actual wholesale lender who can locate a loan broker in your location to process your request.
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