Purchasing A Mobile Home
Purchasing A Mobile Home

Purchasing A Mobile Home

Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. With purchase money programs up to 90% LTV for Pre-Owned and 95% LTV for Brand New Home. Why rent when you can own! Take this opportunity to learn more about home buying and the mobile home loan process.


 

When Purchasing A New Or Used Manufactured Home:

Description Home Purchase
Minimum Loan Amount: $25,000
Model Year (Double-Wide) 1977 or newer
Model Year (Single Wide)
1977 or newer
Down Payment 10% Used/5% New
Debt to Income Ratio 43%
Max Term (up to) 20 yr. Used/ 25 yr New over $75,000 to finance*


* Down payment and terms are based on client credit history, collateral, and program selected and will vary based on each clients situation.

  • Size – Triple, Double-Wide andSingle-Wide homes
  • Rates – Fixed interest rates range from 5.50% to 12.00*
  • Terms – Maximum 20 years for most homes, 15 years forSingle-Wide homes
  • Loan Amount – minimum loan amount is $25,000 after your down payment
  • Down payment requirement – as little as 10%** of the purchase price
  • Age of Mobile Home – 1977 or newer for all Double-Wide homes.Single-Wide homes please call.
  • Closing Costs  – maybe financed into your new manufactured home loan.

*Interest rates will vary based on underwriting guidelines. Call to speak with a licensed loan officer regarding your current situation. NMLS 3242 Financial Services Unlimited Inc

**Down Payment Information: Your down payment does not include closing costs or origination fee. Speak with your Realtor regarding the cost of closing (Escrow fees, title transfer fees, inspections and appraisals). Origination fees are typically 3-4% of the loan amount. An origination fee is the fee charged by a lender or broker for writing, processing and completing a loan.



Information We Need From You:


  • - Is your home on Land or in a Community?
  • - What is the Year and Manufacturer and the Size of the home
  • - Which Program(s) are you interested in (purchase, refinance, cash-out, debt consolidation or home improvement)
  • - A brief understanding of your credit history to include current FICO score (if available)

If you need financing for your new purchase of a manufactured or mobile home you’ve come to the right place. We are your locally owned loan source for mobile homes, manufactured homes and conventional home mortgages. Our Fast and Easy loan process designed to save you time and money. No login required!
 
We offer home loans for: 
New Home Purchases, Low Rate Refinance, Debt-Consolidation, Cash-Out, and Home Improvements

Our loans are straight forward:
Free no cost or obligation loan pre-qualification, No application fees, Fast and easy loan processing, Low fixed rates, No pre-payment penalty, terms up to 25 years for new homes over $75,000 financed, Low down payment, Automatic payment program available.


Purchasing A Mobile Home

New Purchase Loan Info:


In-Park or Leased Land, Private Land Not Owned by the Borrower or Home-Only 

Non-conforming, Lender Portfolio Personal Property Loans

Pre-qualification fees: No Upfront Application or Credit Bureau Fees to obtain pre-qualification.

Rate Products: We offer Fixed, Variable and Step Rates. Some restrictions may apply based on your location.

Interest Rates: Range from 5.50% to 12% depending on your overall credit quality, the age of the home, your collateral type, loan amount, loan-to-value and type of interest rate program selected. Your rate will be determined and outlined on your pre-qualification letter.

Loan Terms:
Home Only: Up to 20 years used homes and 25 years for Brand New homes over $75,000 financed, based on the age of the home, loan amount and program type.

Down Payment: 10% on Pre-Owned Homes and 25 years for Brand new over $75,000 amount to finance based on excellent credit. 10%-20% down based on good to average credit history.

Occupancy: Owner occupied only - No rental, Investment, Buy-for Family/Friends or Co-signer programs.
Second or Vacation Homes in resort/recreational locations are acceptable with 20% down and Min. of 700 FICO Score.

Minimum Loan Size:
Home Only: $25,000 (Single-Wide, Double-Wide and Triple-Wide)

Age of Home:
Single-Wide: 1977 or newer
Double-Wide and Triple-Wide: 1977 or newer POST-HUD (exceptions available in CA)

No Prepayment Penalties: Pay-off your loan early, make additional payments or refinance without a penalty.

Bank Repossessions/HUD Foreclosures: We do not offer financing for repossessions or foreclosed properties.

Request More Information


 loan specialists are ready to helpOur professional, friendly and informed loan specialists are ready to discuss your financing options.  Give us a call at (800) 238-9202 or complete the short request form below and we'll be in touch with you right away.

Secure Site. NMLS #3242

Financial Services Unlimited, Inc. is an Equal Housing Lender. NMLS #3242

Mobile Home Loan Request: 

Find current rates on mobile home financing programs by completing the form below. If you have experienced bankruptcy, foreclosure, repossession, charge-off or judgments within the last 5 years, or if your credit score is below 650, please visit our credit repair section before applying. Call (800) 238-9202 for more info.
Program Request
State
Home Location


*Please double check your email and phone.

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Want more information about how we can help you? Just call and speak directly to one of our Loan Specialists, Toll-Free at (800) 238-9202


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