Q:

Where can you find lenders for manufactured homes?

A:

Quick Answer

21st Mortgage has loan products specifically for manufactured homes, explains the company's website. 21st Mortgage originates and services a variety of loans to borrowers from manufactured-home retail establishments and mortgage brokers.

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Full Answer

Customers who are interested in applying for a manufactured-home mortgage through 21st Mortgage can apply directly online at the company's website, says 21st Mortgage. The company funds single and multisection homes, and the home can be located in a park or on private or leased land. 21st Mortgage does not provide financing for foreclosed or repossessed homes. The minimum home amount is $20,000, and the down payment can be as little as five percent of the purchase price.

CountryPlace Mortgage is another lender where customers can find mortgages for manufactured homes, says the company Web portal.CountryPlace Mortgage is a direct lender with both FHA and Fannie Mae that can offer the most competitive rates, with down payments as low as 3.5 percent. The home does not have to be located in a mobile home park, it can tied to land, says the company website.

Vanderbilt Mortgage is another company that provides manufactured-home lending, says the company website. Venderbilt offers conventional mortgages, land-home mortgages or an FHA mortgage for manufactured homes.

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