Which banks offer mobile home loan services?


Quick Answer

As of 2015, First National Bank offers mobile home loan services, says the First National Bank website. 21st Mortgage Corporation also offers customers the option of obtaining a mobile home loan, reports the company's website.

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Full Answer

Mobile home loans from 21st Mortgage are available for qualifying customers who are purchasing a single or multi-section home.The minimum loan amount is $20,000, and the home can be located in a park or on private or leased land, 21st Mortgage Corporation states. 21st Mortgage does not provide financing for manufactured homes that have been repossessed by the lender or are in foreclosure. The purchase and refinance terms range from 60 months up to 23 years, and mortgage insurance is not required on its loans. All mobile home loans have fixed rates starting at 6.99 percent, and customers have a variety of payment options, including bi-weekly or online payments or automatic bank drafts.

First National bank offers its qualified customers mobile home loans at competitive interest rates whether the customer is refinancing a current home or purchasing a new one, according to First National Bank. It also offers an interest-rate reduction to customers who choose to have automatic payments deducted from their First National Bank accounts.

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