If you’re looking to take out a loan, you’ll want to make sure you have the best credit possible. Here are a few things you can do to make sure you have the credit you need.
How much credit do you need for a 20k loan?
How does your credit need to be to get a loan for a mobile home?
To purchase a mobile home, the majority of lenders need a minimum credit score of 580 to 620. With a lesser score, you can still obtain credit. However, you might be required to make a greater down payment and pay a higher interest rate.
How much credit do you need for a 30k loan?
The next level is good credit, which is defined by most lenders as a score between 670 and 730. You are more likely to be approved for a $30,000 personal loan if you have attained the excellent credit categorization. However, you will also need enough income to prove that you can cover the monthly payment.