Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question can i get a first time home owners loan . i bought a trailer but it shows up as a secured loan? i bought a new trailer in 1996 ,it shows up on my credit report as a secured loan ,not a real estate loan on my credit report.also it is in a park. can i get a first time home owners loan? By in search of better weather Posted on 04/15/08 Total Answers 5 Answers- I dont see y not. u can at least try the worst they can do is say no Answer by : CRYSTAL P On Date 2008-04-15 13:59:47 A secured loan is not a mortgage. You have never owned a home, so yes, you can still get a first time loan. However, they're not all that great most of the time. Don't get stuck in that idea and miss a better deal elsewhere. Answer by : daeve930 On Date 2008-04-15 14:01:46 Technically, a mobile home in a rental park is personal property not real estate. A car loan is a secured loan as well, but they won't hold that against you. The FHA doesn't care anyway and in the current market, the FHA is looking like the best option for maximum loan to value without risking a last minute declining market determination which could cut the loan to value by 5% requiring a larger down payment. Let me know you would like me to help you with your purchase. Answer by : Dale H On Date 2008-04-15 14:10:43 I believe you can. Your *home* is probably not converted to real property yet so therefore considered a secured loan. Try calling a Realtor and checking out the many programs that the Government has to offer for first-time homeowners....The USDA has a great one. FHA, VA etc....There are many depending on where you live. Good luck too. Answer by : char_donnayy On Date 2008-04-15 14:12:46 Yes, because a trailer is titled like a car. Unless you own land, you are a first-time homebuyer. Answer by : Expert Realtor On Date 2008-04-15 14:49:24   Go Back To Search Results