| Manufactured Home Land Loan - Financing and Refinancing Conventional Loans A conventional loan is basically any kind of lender agreement that's not backed in full by the Veterans Administration or protected by the FHA (the Federal Housing Administration). All told, there are several broad categories of conventional loans. Fixed rate mortgages are simpler in some cases. A home borrower “locks in” at an interest rate, and he or she pays down the principal and interest on the mortgage every month at that rate. Other so-called conventional loans include conforming loans. Basically, these are arrangements that meet stipulations set forth by Fannie Mae and or Freddie Mac, two very large mortgage trading companies. Government Loans (FHA / VA) Backed by the US Government, these loans are a great way to get into a home with little or no money down even if you have credit issues. Often unique or distressed properties can be financed. Our lender priority is to help you get the best current interest rates to purchase or improve the terms of your existing mortgage. Mobile Manufactured Home With Land Loans Our goal is to provide the best manufactured land / home products in the market today. By combining manufactured homes on permanent foundations with land, manufactured home owners can qualify for land / home loans at rates that are much better than In Park loans and usually with tax advantages. We often find homeowners with homes already on land with foundations that don't qualify as permanent. However, our retrofit program offers a conversion option that allows the manufactured home foundation to be retrofitted to a HUD Code foundation qualifying them for Conventional or FHA loan terms at rates that are better than they have. Complete our loan request form and one of our representatives will be happy to help. |


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