Poor Credit Purchase Loan Highlights

In Park Poor Credit Mobile Home Refinance Program

Poor Credit Refinance Loan Highlights

Land And Home Poor Credit  Manufactured Purchase Program

Poor Credit Purchase Loan Highlights

Land And Home Poor Credit  Manufactured Refinance Program

Poor Credit Refinance Loan Highlights

Poor Credit Manufactured & Mobile Home Questions & Answers

Poor Credit Mobile Home finance Q & A  

• What is considered poor credit?
  Generally poor credit is those clients with a previous bankruptcy or significant ongoing collections and/or leins, significant debt, lawsuits amd/or past or present ongoing foreclosure and a credit score of 605 down to 580 and below. (in some cases credit score is not the only determining factor for a fair credit loan. We will always try to qualify you fair credit first)
• What is debt to income ratio?
  Debt to income ratio is the calculation used by us to determine how large of a loan balance your income can support. Typically this calculation is figured by adding all your bill's minimum payments due each month, your space rent & new mortgage payment divide by your gross income.
• What loan term will be best for me?
  This depends on your goals. If your goal is to pay off the home quicker then a shorter term is suggested. If your goal is lowest payment then a longer term is best.
• What will my closing costs be?
  poor credit borrowers will usually have to pay points. Typically, our closing cost ranges from $1300 to $4800 depending on the loan size. (In some cases bad credit borrowers may require more closing cost depending on overwhelming negative factors) 
• Can I Consolidate Bills?
  Yes. In some case we may have to pay bills to get your debt to income inline. 
• What items must be prepaid?
  There are no pre-pay items. Typically we allow you to finance into your new bad credit purchase loan up to 2 year of fire insurace, 2 years of a home warranty program, closing cost and up to 6 months of space rent.
• How long is quoted interest rates good for?
  Called a rate lock, under normal instances we lock the rate for 60 days which is free to the client. 
• How long will the approval take?
  With a complete file and motivated client approvals take 1 to 2 days with loan closings in as quick as 3 days.
• Will the loan have a prepayment penalty?
  Absolutely not. Even with a poor credit standing we won't be assigning a pre-pay penalty.

Getting To Know West Coast Mobile Homes & LoanJunction.com

 

• Experience.
  Founded in 1999, West Coast Mobile Homes is a sister company wholly owned by LoanJunction.com. We have processed and funded 10's of thousands of mobile home loans across the country.
• Customer Service.
  We are only as good as our last clients says we are. That's why with every customer we'll move mountains for the privilege to be your lender. With caring staff, 24 hour customer service & online account management we intend to move mountains for you for years to come.
• Financial Resources.
  LoanJunction.com is a national lender drawing upon over 4 billion in investment capital for our clients needs. 
• Track Record.
  You don't get to be a proud AAA rated Better Business Bureau company by doing things the wrong way. We intend to keep it that way.
• Community Support.
  We have a larger responsibility to support our clients long after the transaction is done. Please visit our Park Crime Prevention Page to join us in keeping our park communities safe and crime free; Also As rent control advocates, no one is more out spoken about keeping our parks free of exuberant & predatory rent increases.
• Technology.
  With an eye on the 22nd century, our client management services are second to none. Our award winning online operations coupled with 24 live customer service, automated bill pay and rate decrease notifications we stand at the forefront of mobile home lendings' long awaited technological revolution.
• Hands On.
  There are no substitutions for rolling up the sleeves to get the job done right. That's why each client is assigned a proven & considerate account executive to oversee the loan transaction from start to finish. This is your guy or gal in the trenches with their "hands on" approach.
• Accountability.
  Each staff member is 100% accountable to you and your needs. Whether the loan has unforeseen difficulties, or tough measures need to be taken, our staff from the president on down will always field your calls and/or concerns. 

Today’s manufactured homes come with "standard" features that you would find in a site-built home.

Let's get together and talk about your home buying and/or selling plans. Call us at the main office 310-534-2041 or at our branch office 310-257-9297 or send us a simple e-mail to support@westcoastmobilehomes.com we'll set-up a time that is easy and convenient for you to meet.

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Today's Featured Mobile Home Rates

30 Yr Land/Home Rate APR Points 5.99% 6.25% 0.0% 15 Yr Land/Home Rate APR Points 5.75% 6.01% 0.0% In Park 20 Year  Rate APR Points 7.74% 8.24% 0.0% In Park 15 Year  Rate APR Points 7.24% 7.49% 0.0% In Park 10 Year  Rate APR Points 6.74% 6.99% 0.0%

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