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Chattel loans post bankruptcy?

Newbie2018
Frequent Contributor

Chattel loans post bankruptcy?

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? 

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FireMedic1
Super Contributor

Re: Chattel loans post bankruptcy?

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.





Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
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Newbie2018
Frequent Contributor

Re: Chattel loans post bankruptcy?

Thank you for your response 

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