Fear of credit rejection make you queasy?

You probably have a great shot at getting credit to buy a manufactured home. Here’s why.

1. Most folks who qualify for credit had some credit problem in the past. That’s right, 80% of Americans have credit issues now and again. It’s life.
2. Would it surprise you to know that the average credit score for first time home buyers is 600?
3. Some are higher, and some lower, even in the 400+ range.  Obvious, I know, but the point is that you are in good company with all types of scores.
4. The credit application process for a manufactured home takes into account where you are going, not just where you have been.  What means is that even with damaged credit, if you are working and generally making payments on things now, that’s big.  That’s good news, right? The past won’t put you out of the game.
5. Four Leaf Properties has great relationships with some key lenders who specialize in manufactured homes.  We know them and they know our properties.  We don’t hang out together, but knowing us, and our professionalism, does make them comfortable with and helpful to our home buyers. Long story short, get credit any way that you would like. However, if you choose to use our in-house financing through First Choice, it may get you an awesome result!
6. Applying for credit to buy a manufactured home is easier than applying for a traditional home. While manufactured and traditional homes have A LOT in common (they are cousins), the one big difference is that manufactured homes are less expensive. And, they are typically bought with loans that are paid off sooner (because they are cheaper). All of that means that many folks can qualify. Don’t be scared of a long, complicated process. It really isn’t like that at all.
7. Applying for credit, and getting it, will help your credit future. It sounds weird that getting credit helps you get more credit, but it does. That’s because you’ve got a good track record.
8.   Free Credit Application