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Buy a mobile home after bankruptcy

New Contributor

Buy a mobile home after bankruptcy

My father just passed the 10 year mark on his bankruptcy so now it is off his credit report. His report is basically blank now, he has done nothing and applied for nothing since then. He would like to buy a mobile home now and has 20% for a downpayment. Would he be approved for something like this? Would it help if I applied with him since I have established credit? (no major negatives, score around 630 only because of semi high card usage). His score is around 646 he said and he has been working at the same job for over 2 years.

3 REPLIES
Moderator Emeritus

Re: Buy a mobile home after bankruptcy

I personally would not co sign for my dad a mobile home. Not sure that your scores are even high enough to help him. He needs to talk to an Fha lender about options... or find a mobile home dealer who has experience dealing with Fha programs.

Starting Score: 08/29/2011 TU 671 EQ 674
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Moderator Emeritus

Re: Buy a mobile home after bankruptcy

You could add him as joint or AU on some of your cards if necessary.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
New Visitor

Re: Buy a mobile home after bankruptcy

I no that we have financed people with bankruptcy on their credit after 10 years I believe that it should not be a problem.   It really depends on what lender you go through.

What state is he wanting to buy in?