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A Blog About Manufactured Homes For New Home Owners!

ABC New Homes

Your Next Home Is Within Reach:

Just Show Us Your Pay Stub And Credit Score

Whether you’ve been looking for a while or just started your search, the hunt for your dream home can feel like a rollercoaster. There are endless options to consider, from what area you’ll live in to how many bedrooms you need to what your kitchen will look like.

But for many people, their biggest concern is how they’ll afford their new home. Thinking about mortgage costs and the associated costs of buying a home can be stressful. Even more so if you have bruised credit.

But having less-than-perfect credit isn’t a dealbreaker. Many manufactured home communities will work with you to secure financing.

Here are three key things you need to know about financing your new home:

Consider Financing Options Through The Manufactured Home Community

Many manufactured home companies will offer financing options. This “one-stop” approach makes it easy to streamline the purchasing process.

By working with the staff of the manufactured home community, you can get the best rate and closing procedures. They know all the requirements for the sale and can help navigate what can be a confusing process.
They often have a network of trusted partners and can make customized recommendations for the ones that will best meet your needs.

They can also help facilitate the paperwork process and make sure everything is done properly to quickly process your loan request.

Be Upfront About Any Credit Issues

While it can be a little uncomfortable talking about credit issues, it’s best to be upfront and honest when talking to lenders. They’ll soon see any credit problems you have, so there’s no point trying to hide them.

By letting them know about any issues, they can recommend the best financing options for your specific needs. They can also recommend any steps you can take to repair your credit and put yourself in a better place to buy a home.

Be Prepared To Show Proof of Employment

One of the first things a lender will do is ask about your job. They’ll be looking to see that you have secure employment as well as how much you make. They may ask to see a pay stub, your W-2 or your income tax returns, according to an article on Trulia.com.

They can also request that you get a letter of employment from your employer. Just remember this is all part of the normal process. For those that work as contractors or are self-employed, you may need to take a few extra steps.

But don’t worry! Financing professionals have worked with a wide range of people and are experts in finding the right mortgage options for each person. They’ll sit down with you and review all your personal income information and your job history. With that information, they can help you apply for financing. The next thing you know, you’ll be moving into your new home!

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