Want va loan for purchase of used doublewide mobile home price 25,000 to 30,000..What do I need to qualify? by mcclean5264 from Austin, Texas. Mar 8th 2011
Just need to find a mortgage company that finances mobile homes. And of course been in the military of some sort (VA). Credit score of 580+ and income to support your investment.
Most lenders require a 620 middle credit score, 2 years job history with no gaps in employment, no rent or mortgage lates in the past 12 months, will require collection accounts to be paid (with the exception of medical), a debt to income ratio less than 41% with possible exceptions for higher ratios with compensating factors like extended time on job, good cash reserves, etc.
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