#Who finances mobile homes professional#
#Who finances mobile homes mac#

We make financing or refinancing your home simple and easy. We offer a one-time close construction loan for new homes. To find out if a manufactured housing loan from CountryPlace Mortgage can put you into your Mississippi dream home, Apply Today by Clicking Here!ĬountryPlace Mortgage is the nation's premier lender for manufactured, modular, and mobile homes. All of our MS Loan Officers have 10+ years’ experience originating manufactured and mobile home loans. Whether it’s a chattel (home-only), land/home package, or construction loan we have the expertise to help you navigate today’s challenging mortgage process.

#Who finances mobile homes professional#

When financing a manufactured, mobile, or modular home, it is important that you are working with a mortgage professional that understands these unique properties. That means that we can offer you the most competitive rates, with down payments as low as 3.5%.

#Who finances mobile homes mac#

Why Choose CountryPlace Mortgage For Your Mobile Home Financing?įounded in 1995, CountryPlace Mortgage is a direct lender with both Fannie Mae, Freddie Mac and FHA. Whether you’d like a modular home with a view of the Gulf or a manufactured home in the Delta, compare our rates and programs to those of other Mississippi lenders. From Ashland to Moss Point, mobile homes are an affordable solution to the high cost of traditional housing and we can assist you with both purchase and refinancing solutions. It must be placed on property owned by you, on a permanent foundation with the tongue, wheels and axle removed, and with a pitched metal or shingled roof. Also, the home must have deeded access or access directly to a state-maintained road.Īny property you purchase with an LGFCU mortgage must be located in North Carolina, South Carolina, Virginia, Georgia or Tennessee.Looking for mobile home lenders in Mississippi? Not every mortgage lender covers these special types of homes, but CountryPlace Mortgage does! Residents of the Magnolia State are discovering that for manufactured housing loans, we’re hard to beat. To qualify for this loan, the home you are purchasing must be your primary residence and have been manufactured on or after June 15, 1976. Make sure the Division of Motor Vehicles destroys the mobile home title. The LGFCU Manufactured Home Loan can only be used for a property that has been affixed to a foundation made of brick or block and has been listed as “real property” by the county tax office. There are no loan application fees and no credit report fees. Cash-out refinancing is available up to a maximum of 65% loan-to-value.įor purchases, the maximum finance amount and the loan-to-value financing tier are determined based on either the sales price of the home or the appraised value of the home, whichever amount is less. You will need to cover appraisal costs and an origination fee of 1% of the loan amount with a cap not to exceed $2,500. The maximum loan term available is 15 years.

Flexible optionsįinancing for a manufactured home is available through an Adjustable Rate Mortgage (ARM), a 15-year Fixed-Rate Mortgage or our First-Time Homebuyers Loan. Whether you’re looking for a single-wide manufactured home as a starter or a double-wide that fits your entire family, we have a mortgage with competitive rates and flexible terms.

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