Which home loan should I get?
I own a 1979 mobile home and land. Value is $ 60,000. I paid cash for it in 2005. My car and everything is paid for. I have no credit cards. I want to purchase a condo for $ 45,000 to live in. I will put down $ 20,000 and pay it off when I sell my mobile. My current income is only $ 512/mth. My credit score is good. I am single and 49. Am I eligible for a loan considering my income? If so, what is the best type of loan for my situation?