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My son & his wife is moving back to Parker. Rather than having him pay rent to someone else, he may as well pay it to me.
We found a nice place, however getting mixed messages from Mortgage peeps. Here's the deal.
16'x80' (1,280 sf) 1994 Cavco, 3 bdrm, 2 bath. Looks modular (2 piece) but is listed on all docs as a singlewide. Deeded land. Zip 85344. Lakeside 5 subdivision. Home is also listed as "married" to the land for Property Tax.
On stands with wheels, axles and tongue(s) removed.
Listed at $98,888. Loan will be from $65,000-$75,000 (after lowball offer and 20%+/- down.
We (wife & I) will be buying it. FICO over 800 for both. $130G income. Me VA eligible (although I don't know if VA will apply on a 2nd home)
Can anybody do this or offer some guidance?
Rates?
Points?
Costs?
Thanks in Advance.
We found a nice place, however getting mixed messages from Mortgage peeps. Here's the deal.
16'x80' (1,280 sf) 1994 Cavco, 3 bdrm, 2 bath. Looks modular (2 piece) but is listed on all docs as a singlewide. Deeded land. Zip 85344. Lakeside 5 subdivision. Home is also listed as "married" to the land for Property Tax.
On stands with wheels, axles and tongue(s) removed.
Listed at $98,888. Loan will be from $65,000-$75,000 (after lowball offer and 20%+/- down.
We (wife & I) will be buying it. FICO over 800 for both. $130G income. Me VA eligible (although I don't know if VA will apply on a 2nd home)
Can anybody do this or offer some guidance?
Rates?
Points?
Costs?
Thanks in Advance.