Curious about if your credit is good enough to qualify for manufactured housing financing? Being knowledgeable about your credit is the first step. You can get up tothree free credit reports a year, and even get your score for a small fee. It is a very good idea to check your report for any errors or mistakes (whether you are planning a home purchase or not). If you find any, you can initiate disputes online at the same time you get your report, and check back until it is resolved. Another way to get a general idea of your credit worthiness is to check out your FICO score. This will give you a general idea of your credit score for free with the option of pursuing further information.
Once you know your score, you are better able to plan your home purchase. It also helps you to know about how much your interest rate will be based on how much you plan to put on your down payment (from 5%-35%). Of course, exceptions always exist, so the best way to really know is to pick a house, fill out a credit application, and let us help you find the best lender for you. If you would like more information, please call or come in today!