Loan amount
Loan type
Purchase {Construction}
Property value
$40,000 {PP:$13,500}
56% {ARV}
Property type
Mobile Home Park
Credit score
Deal experience
This loan scenario was submitted by a Broker
Purchase price
Down payment
Cost of improvements
Estimated property value after repairs
Additional Loan Information
The Mobile Home is an older one in a Senior Park for over 55, it needs TLC to fix it up, new kitchen, wood floors, paint, etc.. trying to buy for my wife and my retirement, something we can afford cause l didn’t plan for our retirement, I’ve been in construction business for over 55 years, so l know the trade, l could really need someone to trust me, this going to be my home for rest of our lives at an affordable price, l can use all the help l can get, the space is about $700 a month, I’m working full time, l make about $4000 a month gross income at my job, and collect $1488.00 a month Social Security, thank you for your time
February 5, 2024 - 8:04pm

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