Bad Credit Manufactured Home Loan

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Bad Credit Manufactured Home Loan
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By Maurice Bedard

Manufactured Home Loans for People with Bad Credit

The manufactured home loan industry has undergone several changes over the past couple of years and the main change is that most all banks have discontinued their subprime manufactured home loan programs. Many still loan under Fannie Mae guidelines but these loans are capped at a maximum 65% loan to value. The problem with this is that many manufactured home owners purchased their properties a few years ago at much higher loan to values when the banks were much more flexible in their loan programs, so when a borrower tries to get cash out for debt consolidation today, they realize it

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This entry was posted on Friday, October 6th, 2006 at 2:18 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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