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Learn about the type of financing you are seeking — whether it is a loan for the home only or financing the land and other improvements to it. Check the terms, including loan limits, funding fees, origination fees, closing costs, interest rates, and credit score requirements. Consider if you are qualified for special financings like FHA, VA, or a first-time homebuyers program for your Florida county or city. Florida Co-Op parks are not considered real property and they are not considered personal property or Chattel, the correct term.
We provide competitive rates for affordable housing, whether you’re buying for the first time or looking for a better refinancing package. When searching and researching mobile homes in Florida it's essential to connect with a knowledgable resource. MH Loans aims to be this resource for first time buyers or those looking for a great refinancing option for thier current mobile home loans. The fastest way to begin the process is to visit the online application or just reach out and call MH Loans today. Financing manufactured and modular housing can be easier than financing traditional housing, with credit requirements loosened and down payments being low.
What are the requirements for getting Mobile, Modular, Manufactured Home Loans in Florida?
No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. Southwest Stage Funding, LLC dba Cascade Financial Services . Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Choose a real estate agent or sales representative who will be able to help you find a home and begin home shopping. It is best to find an agent that is familiar with manufactured homes. Florida Modular Homes has access to a unique financing program designed for homebuyers who have experienced challenges with their credit.
Providing our customers with the lowest rates, personalized service, and loan options that you don’t get from big box lenders or banks. Similar to a Title II FHA loan, if you want to buy a manufactured home and the land it sits on, you can also get a VA loan. VA loans are only available to veterans and qualifying active duty service members through the Department of Veteran’s Affairs. There are many benefits that come with a VA loan, including the ability to put no money down and avoid paying mortgage insurance. The main difference between manufactured and mobile homes is that manufactured homes abide by the new safety regulations set in place by HUD while mobile homes were built prior to their implementation. An appraisal may or may not be required, depending on the NADA book value of the home and the amount you plan to finance.
Is Financing Assistance Available to Florida Residents?
The data plate will be located somewhere inside the home, often near an electrical box, the main thing is it has to be easily visible. You can find the certification label on the tail end of each transportable section of the manufactured home. Our “Outside The Box Thinking” gets home loans approved and closed every day! From Bank Statement as Income loans to 50% debt to income ratio approvals, we do them all. We have a credit score analyzing tool that can provide us with options to improve your credit scores quickly through a rapid credit rescore that usually takes 48 hours. When you “CLICK HERE” you’ll instantly see today’s lowest Florida Manufactured Home loan rates.
While not all lenders finance manufactured homes, some may offer Fannie Mae’s MH Advantage® program, which allows buyers to finance manufactured homes over 30 years with down payments as low as 3%. To qualify, however, your home will need to fit very specific criteria. JCF is a unique lender in that we only finance the manufactured, mobile, or modular home, not the land it sits on. The majority of our customers live in mobile home parks and leased lot manufactured home communities. We offer the lowest Florida mobile home financing loan rates possible, to meet the need of Florida homeowners.
How important is the certification label or HUD Plate?
As previously mentioned, the home must be set-up and in move-in condition, to include functioning electrical and plumbing. The mobile or manufactured home can be on blocks, iron pier settings, ground set, or on a full foundation with basement. We finance the mobile home, not the land, so we are not concerned about the home being tied to the land by way of foundation.
To apply for a loan or to open a new account, select the Open and Apply option once logged in. We will respond promptly to any questions you may have about any loan program or getting pre-approved. MFH homes that have ‘moved’ once built are ineligible unless the borrower is utilizing VA financing.
He is extremely professional and has been a breath of fresh air for us. I am a very meticulous person who asks a lot of questions and let's just say that Lou is also a very patient person. He's very knowledgeable, but will find an answer if he isn't sure of it right away. Also, in the month that we have worked together, I have never had to call him twice.
We are able to offer the lowest Florida mobile home loan rates possible along with a Variety of Florida Mobile Home Loan Programs to meet the needs of the entire State of Florida. We will easily guide you through the loan process, providing you with whatever level of service you require. We offer Fixed Rate financing, No Pre-Payment Penalties, No Application Fees and we are Proud to be an Equal Housing Lender. The majority of our customers live in Florida's better mobile home parks or in leased lot communities.
Florida Modular Homes has a professional sales staff that can assist you in finding the best home financing option available for you and your individual situation. Feel free to call, visit us, or reach out on our Facebook page with any questions you may have. Escrow is handled internally by our office, where we do all functions from titling the home, to cutting disbursement checks to realtors, if applicable, and to the seller. Easy Mobile Homes LLC is a licensed manufactured home dealer and installer with locations in Hillsborough County, Florida and Hardee County, Florida.
VA insured loans are a benefit for qualified Veterans of the United States Armed Services allowing them to purchase a Factory Built Home for as little as $500 down with no monthly mortgage insurance premiums. VA allows a seller such as Florida Modular Homes to pay for all the borrowers closing cost as well. Florida Modular Homes appreciates all that our Veterans have done for us and will donate $200 toward the Wounded Warrior Project for every veteran who purchases a home from us.
Borrowers are able to purchase a New Modular Home and Land Package with as little as $500 down. Most lenders will not give you a conventional loan for a mobile or manufactured home because these structures are not considered real property. If you have a manufactured home that meets some very specific criteria, however, conventional mortgage sources Freddie Mac and Fannie Mae do actually offer specialized loans. Chattel loan applicants can expedite the loan closing by providing documentation promptly and ensuring their credit and budgets are in good shape. There aren't extra steps like title company paperwork, inspections, and appraisals that extend the time to close for conventional financing.
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