2006-07-15 18:23:29 · 4 answers · asked by smiley 1 in Business & Finance ➔ Renting & Real Estate
Depending on the age of the home, and the loan to value you need, you may be able to go to a local bank. Otherwise there is Vanderbilt Mortgage, Beneficial, American General, Oak wood Acceptance Corp. I do not know if these banks are in your area, but here we also have: Chase Bank, Pioneer Bank, City national Bank, all of which loan on them, but at lower loan to values.
2006-07-15 19:01:34 · answer #1 · answered by Mustang Sally 4 · 0⤊ 0⤋
There are alot of compensating factors that are unknown. I recommend contacting a Mortgage Broker and refinancing your current loan as typically Home Equity Lines of Credit (HELOC) can come with high interest rates. There are some lending requirements on mobile homes but they vary from lender to lender but there is always a lender out there that will have the perfect loan program for you. I hope this helps you but if you need any help or have any questions please email me tadgeman@yahoo.com.
2006-07-16 21:07:13 · answer #2 · answered by Dan 3 · 0⤊ 0⤋
MOBILE HOME FINANCING - MANUFACTURED FINANCING
Do not know what state you live in, but here is a web site for you to check out - you can also put in key words on yahoo: manufacturing financing; mobile home loans, etc
Welcome to 21stmobilehomeloan.com
Your source for Mobile Home Financing
Following is a summary of our most popular programs. Additional guidelines apply.
Please call 1-800-955-0021 or complete one of the online loan applications.
Our Conventional Loan program provides standard fixed rate financing for new and previously-owned manufactured homes (1974 and newer).
Our all-in-one Land/Home financing program offers financing for both home and property. This program features flexible loan terms for both new and pre-owned homes, and the option to use land equity towards the down-payment.
Staged Funding Our Staged Funding program for land/home purchases provides funding in four stages as work progresses, and offers convenient payment options during the construction period.
With Classic-Land-in-Lieu, customers use the equity in the land they own towards a down-payment on a new or pre-owned manufactured home.
FHA / FNMA Freddie Mac
Yes, you may qualify for trememdous savings with a conventional mortgage loan on your multisectional manufactured home or modular home.
21st Mortgage Corporation
21stmortgage.com
info@21stmobilehomeloan.com
1-800-955-0021
2006-07-16 14:42:28 · answer #3 · answered by W. E 5 · 0⤊ 0⤋
My in-laws have their mobile home mortgage with Vanderbilt Mortgage Company. Contact them & ask your question. Call a mortgage company in your town & ask them.
http://www.vmf.com/
2006-07-16 01:32:14 · answer #4 · answered by jennifersuem 7 · 0⤊ 0⤋