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Improving your credit score to move into a mobile home community in Galt, CA

What’s the Best Credit Score To Buy a Mobile Home

Buying a mobile home is often an attractive option for people with bad credit or folks who are only starting to build their credit. With some financing options, you can even get approved without a credit score.


Galt Mobile Estates is one of the best mobile home parks in Galt, CA. Call us today at 209-745-3010 or message us here to know more about our community.


But if you have good or fair credit, you can get better interest rates, qualify for more features, and get an easier process. So what kind of score do you need when applying for a mobile home loan? Let’s take a look.


Why is good credit so important?

A good credit score is a numerical representation of your past and present financial history. Lenders use it to determine the risk of lending you money — the higher your score, the better your chance of getting approved for loans at lower interest rates. 


A good credit score may save you money on interest payments and make it easier for you to get loan approval.


Where to find my credit score?

The best place to check your credit score is, which lets you get a free copy of your credit report once every 12 months from the three major credit bureaus (Equifax, Experian, and TransUnion).


After you’ve checked the report, you’ll find links to myFICO and other places to learn more about what makes a good or bad credit score.


What minimum credit score do you need?

If you’re trying to get a conventional mortgage, it’s recommended that you have a credit score of at least 620 to get a good interest rate. 


But if your goal is to purchase a new manufactured home with a Federal Housing Administration (FHA) loan, your minimum credit score should be 580 or higher.  


Having an ideal credit score will ensure that your interest rate is reasonable and will result in lower overall payments. This is crucial so your rates will remain affordable over time.


What can you do if you don’t have a credit score?

If you don’t meet the lender’s required credit score, there are still options. 


A Federal Housing Administration (FHA) loan requires less-than-perfect credit scores to qualify, so that’s another option to explore.


Another possibility is getting a mortgage with a co-signer. This means finding someone with good credit that can guarantee your loan application. This will make it easier for you to get approved for financing.



We know that buying a mobile or manufactured home can be both an exciting and stressful experience. But with the right knowledge and preparation, you’ll be able to make it happen. 


Galt Mobile Estates is a family-oriented mobile home park in Galt, CA. If you want to learn more about mobile home living or our community, you may reach out to us at 209-745-3010 or message us here.

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