Are Chattel Loans harder to get post bankruptcy? Local manufacturer home dealer is advertising in house financing. Would bk7'ers have to wait a full two years out to get a non government home loan like that?
When you have a bankruptcy on your record, you may have to be willing to agree to unattractive terms for a mobile home loan. Although interest rates for mobile home loans are already high, the rate when you have a bankruptcy on your record could be even higher. Lenders might even ask you to make a bigger down payment than you normally would for a mobile home. For example, your lender might want you to put 20 percent down instead of only 10 percent. You can always call and ask. They'll find out either way. Best to know up front.