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I Need A Personal Loan For People With Bad Credit To Buy A Mobile Home

By Edited Nov 13, 2013 0 0

Guaranteed Personal Loans To Buy Your Mobile Home

So you are saying "I Need A Personal Loan for People With Bad Credit To Buy a Mobile Home," and you are wondering why it is hard for you to do this at the your local neighborhood bank just because your credit bad.  If you have been looking for a personal loan through conventional sources to buy your dream mobile home and getting turned down because you have bad credit, you may now be wondering if it is at all possible for you to do this.  Well, you may not be able to get a personal loan for people with bad credit to buy your mobile home through conventional sources, however, you have plenty of lenders just lining up to fight for your business online-regardless of what kind of credit you have.

 

Can A Personal Loan For People With Bad Credit Cover The Cost Of Buying A Mobile Home?

Yes! Even if you get a loan that doesn't cover the whole cost of the mobile home, it will cover a great chunk of it. According to information on "Factory Expo" website, the average mobile home costs anywhere from $10,000 to $50,000 and higher depending on the features you get. Factory Expo manufactures mobile homes all over the United States in various styles and price ranges. According to their website, you can get a one bedroom, one bathroom mobile home for $16,900 and a three bedroom 2 bathroom mobile home for $22,622. So you can certainly get a personal loan for people with bad credit to cover all or most of the cost of your mobile home.

 

one bedroom, one bathroom sample for $16, 900 (click on the picture to enlarge)

mobile home floor plan

 

 

3 bedroom 2 bathroom example for $22, 622 (click on the picture to enlarge)

Larger mobile home floor plan

If you need land at a great discount to put your mobile home on, you can get land through both public land auctions and through online website land auctions for a very low price. Where you live is your biggest expense of your life.  If you plan it correctly, you can buy a mobile home and the land to put it on if you choose not to rent a space all for under $30,000. 

 

Why Are Lenders Willing To Lend Me A Personal Loan Even Though I Have Bad Credit?

I Need A Personal Loan For People With Bad Credit to buy a mobile home, but why would lenders lend to me online?  Lenders will lend to you because lending to those with bad credit is still a lucrative business.  The only difference between lending with someone with bad credit and lending to someone with good credit is that bad credit lenders may charge more interest to hedge against financial loss.  However, there are lenders out there that are in business just to finance bad credit personal loans. You can pretty much get a loan from a bad credit lender for many things including:

So don't think that just because you have bad credit that you can't do the things that mean the most to you, like buying a home for you and your family to live in.  Mobile homes are a very economical way to put a roof over your head and provide a good home for your family and you can afford one by taking out a personal loan for people with bad credit (even if you have good credit). You can also take out the personal loan and then go online and bid on a good mobile home for sale in your area. There are different ways you can do this, but it can be done.
 

Ok, I Know I Need A Personal Loan For People With Bad Credit To Buy A Mobile Home, But Who Will Lend To Me?

Plenty of lenders will lend to you, but here are some that you can look into who could possible lend you enough money to buy your mobile home and possibly the land to go with it.
 

Credit.com

You can also try Credit.com because through their credit and application process, you can qualify for a personal loan up to $35,000.  It is a lot of money so there may be some addition application requirements.  You can check out their website to see if this "bad credit" personal loan is an option for you.

Spring Leaf Financial

Springleaf Financial is something like HSBC insofar as it has offices all through America.  HSBC is another option that do lend to people with bad credit, however you may need to have collateral with them.  According to Springleaf Financial, you can borrow anywhere from $1000 to $25,000. Springleaf Financial says that their application process is simple and quick.

You can read more about Springleaf Financial Lending: PRESS HERE

 

First Choice Advances

First choice Advances will match you up with a lender after taking your information and putting it in their system.  People with good credit can qualify for an unsecured personal loan of up to $35,000. While people with bad credit can qualify for an unsecured personal loan of up to $10,000.  They have lenders who service both long-term and short term quick cash loans.

These are just a few choices, but you get the picture.  There are many lenders who will extend credit to you so you can buy your mobile home.

 

Pay Off Your Personal Loan Early To Avoid Paying Too Much Interest

Once you have gotten your personal loan for people with bad credit to buy your mobile home, think of ways that you can pay off that debt quickly.  Just because you have a personal loan with terms, doesn't mean you shouldn't find a way to become debt free.  By paying an extra payment each year, you could help pay off your mobile home personal loan faster.  In any case, with such a small loan, there is no reason why you should keep it for decades when you can do extra things to pay it off in less than one decade.  You can also use this method of putting extra money to your mortgage or personal loan to the rest of your bills so you can be on the road to living a comfortable, debt free life.

Learn about ways you can make quick cash to help pay off your personal loan: PRESS HERE




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