is the interest rate the same for a double wide mobile home and a traditional built home?
If you were purchasing a new DW for your own use the interest rate would be about 1% higher than for a stick built or off-frame modular home. Maybe around 4.5%. The DW rate takes credit scores into account. I think your biggest problem is that your sister wants to purchase for you so it's considered an...

US expats living in Australia looking to buy investment property in US
Get a pre-qualification first to see if you have credit scores and acceptable credit history. If not, you will have to establish credit that reports to one of the three major credit bureaus. I've seen this where a couple from Canada had no credit reporting; I steered them to a local Credit Union...

Does the lender have to have the appraisal before locking?
Everyone is correct that lenders have their own company rules. The one requirement I know is you have to have a property address to lock a loan since the lock is on the address. If you change properties the lock is invalid. Ask your lender, sometimes rules can be bent to accommodate.

does any of these do mobil home with land
I do doublewides with land, not singlewide. Can do conventional loan, FHA loan or VA loan. You can call to discuss. 828-225-5777. I'm in Asheville

Can I do a USDA financed duplex?
No, sorry, you cannot. That would be an income producing property and USDA doesn't allow. There are loans for as little as 3% down if you can manage that. You might also qualify for a down payment assistance program for an additional 2%. Good luck!

PMI auto cancellation
I work for a mortgage bank. I think you should place a call to the customr service department and ask them. If they say no, contact the NC Attorneys General office in Raleigh to find out the law. I suggest phoning and explaining your situation;you will be connected to an attorney. You probably will have to...

HOA TAKING MY HOME..NC
Talk to a good bankruptcy attorney and a real estate agent who has experience with short sales. the attorney can stop proceedings at least for a while and will tell you the best plan of action. Don't delay.

Can I get a loan for a new house plus and existing home equity loan
if you budget for it. If your current home is listed for sale, it will depend on your lender's guidelines allowing you to get a loan on a house you are selling. Some of my borrowers use their equity lines on primary to purchase new home or second home. Ask your lender.

My credit took a dive when I became ill and ended up out of work while waiting on disability which I now have, credit is 560 HELP
You can do a few things to improve your credit. My company has a minimum of 600 score but the rate is generally higher with lower scores so take the time to make the improvements. Go to myfico.com and read about repair. There's a good blog on creditcards.com. One of the writers lives in Asheville so pose a...

I want to refi my mobile and land double wide and 3.4 acres I owe 56,000 on it pay 9.15% home value around 120,000 with land
You should be able to refinance this for a 30 yr fixed rate at about 4.5-4.75%, depending on your credit score, the property and the type of loan you have now.Your closing costs can be rolled into the loan so you won't have to bring any money to refinance. Quite a saving.I'm a Mortgage Banker in Asheville. You...

I currently have a USDA Loan and have never missed a payment and wish only to relocate!
So what's the problem? Are you trying to get another USDA loan? There are only a few instances where you can have two. Are you moving far to the next house you want? What 's the reason for the move? USDA helps people buy a home who cannot otherwise buy. You have a home so they consider you set. Can you sell it...

What kind of financing is available for manufactured homes?
FHA - 96.5% loan-to-value. 3% can be your money or gift from family member or employerConventional - 90% loan-to-value. 3% down can bee your mone or gift from family or employerVA - 100% financingYou can add the amount of closing to the offer and seller can pay. Home can be as old as June 1978, 30 yr fixed...

septic tank
If the appraiser things there is a problem, based on visual, he can require you have an inspection. if Seller can't provide evidence that it has been emptied within the last 5 years, I advise my Veteran borrowers to seriously consider having this inspection paid for by the seller. They just might go for...