<%@ Language=VBScript %> <% Response.Status="301 Moved Permanently" Response.AddHeader "Location", "http://mh-loans.com/Land-Home-Refinance-Loans.aspx/" %> Land Home Loans - Manufactured homes and land, mortgages, large acreage, Finance or Refinance
APPLY NOW

              


Navigation

 




Mobile home mortgage loans available in most states.

Land/Home finance is a highly specialized field. To do it right, to do it fast, requires a detailed knowledge of how these transactions work. Unfortunately most loan officers have no real idea that manufactured housing does not fall within the guidelines of the standard loan products they work with. Consequently we get calls almost daily from frustrated borrowers who were being told that "everything was fine with their loan and that they would be closing shortly." By the time they call us they have usually received a last minute phone call telling them "I'm sorry, we just figured out that this was a Mobile Home and we can't close this for you."

Don't let this happen to you. Trust your land/home loan to the manufactured home finance specialists and take advantage of today's rates, or take your chances somewhere else. 
With mortgage rates still near the 40 year low you owe it to yourself to take action today.

If you still have an Adjustable Rate Mortgage (ARM) we would highly recommend that you get yourself locked into a fixed rate while we are at the most advantageous time. Don't let your monthly payments escalate out of control.

Use this page if you already own your manufactured home and the land that the home sits on and wish to refinance or if you will be moving a mobile home out of a park and onto a piece of land. Click Here to Apply

 

For more details see the section below that best applies to you.
Refinance Singlewide land and home
Refinance Doublewide land and home
Refinance Modular home and land

Refinance your Singlewide with the land:

Purpose of loan:

  1. Lower your rate and payment: Yes. Credit must be at least good to excellent. Minimum credit scores = 620. Full income documentation only.
  2. Cash Out / Home Equity Loans: Not allowed for single wide homes.
  3. Debt Consolidation / Pay Off Bills: Not allowed for single wide homes.
  4. Move your MH out of a park and onto a piece of land. Not allowed for single wide homes.

Two Ways to Apply

Quick Application:

The fastest way to apply! Simply click here to tell us a little about the specifics of your loan and you will be directed to the proper application to fit your needs. We will do the rest! You will know instantly if there is a program available for your situation.
Download Application Form:

Forms contain complete instructions.

Back to Top

Singlewide FAQ's

  1. What are the oldest singlewide homes you will finance?
  2. My singlewide has an addition to it. Will that increase the value? Can I still finance it?
  3. Why don't you allow cash out or debt consolidation loans for singlewides?
  4. I own more than 5 acres with this house. Can I still get a loan?
  5. My credit is not the best. Can I use a co-signer on my loan?
  6. I am self employed. Can I still refinance my singlewide?
  7. How come most banks won't finance singlewides?
  8. Is there a minimum loan amount for your singlewide loans?

Back to Top


Refinance your Doublewide with the land:

Purpose of loan:

  1. Lower your rate and payment: Yes. Credit must be at least good to excellent. Minimum credit scores = 580. Full income documentation only.
  2. Cash Out / Home Equity Loans: Yes. Credit must be at least good to excellent. Minimum credit scores = 580. Full income documentation only.
  3. Debt Consolidation / Pay Off Bills: Yes. Credit must be at least good to excellent. Minimum credit scores = 580. Full income documentation only.
  4. Move your MH out of a park and onto a piece of land.

Two Ways to Apply

Quick Application:

The fastest way to apply! Simply click here to tell us a little about the specifics of your loan and you will be directed to the proper application to fit your needs. We will do the rest! You will know instantly if there is a program available for your situation.
Download Application Form:

Forms contain complete instructions.

Back to Top

Doublewide FAQ's

  1. What are the oldest doublewide homes you will finance?
  2. I own more than 5 acres with this house. Can I still get a loan?
  3. My credit is not the best. Can I use a co-signer on my loan?
  4. I am self employed. Can I still refinance my doublewide?
  5. How come most banks won't finance mobile homes?
  6. Is there a minimum loan amount for your doublewide loans?

 


Refinance your Modular Home and land:

Purpose of loan:

  1. Lower your rate and payment: Yes. Credit must be at least good to excellent. Minimum credit scores = 580. Full income documentation only.
  2. Cash Out / Home Equity Loans: Yes. Credit must be at least good to excellent. Minimum credit scores = 580. Full income documentation only.
  3. Debt Consolidation / Pay Off Bills: Yes. Credit must be at least good to excellent. Minimum credit scores = 580. Full income documentation only.

Two Ways to Apply

Quick Application:

The fastest way to apply! Simply click here to tell us a little about the specifics of your loan and you will be directed to the proper application to fit your needs. We will do the rest! You will know instantly if there is a program available for your situation.
Download Application Form:

Forms contain complete instructions.

Back to Top

Modular Home FAQ's

  1. What are the oldest modular homes you will finance?
  2. I own more than 5 acres with this house. Can I still get a loan?
  3. My credit is not the best. Can I use a co-signer on my loan?
  4. I am self employed. Can I still refinance my modular home?
  5. How come most banks won't finance modulars?
  6. Is there a minimum loan amount for your modular home loans?

Answers to FAQ's

What are the oldest mobile homes you will finance? For land home loans we can technically finance any home as old as 1970, however the best programs are available for homes built after June 15th 1976. You should remember that the older the home, the more stringent the guidelines (the collateral is worth less to us) and you must still meet the minimum loan amounts (see below).  

Back to Top


My singlewide has an addition to it. Will that increase the value? Can I still finance it? Singlewides with additional square footage added on, stick built roofs added, or modified structurally are not eligible for financing under any of our programs. Under our guidelines these modifications do not increase the value of the home, but rather decrease it as the home can no longer be compared with other standard mobile homes for appraisal purposes, nor can it be compared with a regular site built home.

Back to Top


Why don't you allow cash out or debt consolidation loans for singlewides? Single wide homes are difficult properties to re-sell if a customer were to default on his/her loan. As far as we know, we are one of the few companies in the nation even willing to help customers lower their current rate and payment to as low as 6%. We must limit our risk and not add any additional money to the loan.

Back to Top


I own more than 5 acres with this house. Can I still get a loan? Yes! We are one of the few companies nationwide able to provide large acreage loans for mobile homes. There are some restrictions of note. The house must be worth at least 50% of the total deal according to the appraisal. Farm and agricultural use is allowed in some cases, but is not required. Minimum credit scores = 640. Good to Excellent credit only. Rates are competitive with current standard mortgage rates. 

Back to Top


My credit is not the best. Can I use a co-signer on my loan? Yes you can, but the co-signer must reside in the house. Non-occupant co-signers are not allowed. Most of the time this ends up to where we use the other person as the borrower and leave you on the title to the house. One important note; if we use your income for the loan, we must use your credit also. 

Back to Top


I am self employed. Can I still refinance my mobile home? Yes, but there are some restrictions. 

First,  you must have been running your own business for at least 2 years. You must also be able to prove that you have had this business for that 2 year period. Proof includes 2 years business licenses, tax returns in the business name, professional license, etc. 

Next, you must still be able to verify enough income to qualify for the loan. The most common scenario for small business owners is that they write off as much income as possible in order to pay the least amount of taxes. The catch 22 in this is that you end up looking like you don't make enough to survive on and this won't qualify you for a loan. We do not allow 'stated income' or 'no income documentation' for mobile home loans. See our Automated Underwriting System for other lender referrals on self employed borrowers.

Back to Top


How come most banks won't finance mobile homes? The major reason for this is that the current default or foreclosure rate for mobile homes is far in excess for that of stick built homes or single family residences. With rates as low as they are and an abundance of customers, most banks have decided not to deal with the higher risk properties such as mobile homes. 

Back to Top


Is there a minimum loan amount for your land/home loans? Yes we do have minimum loan amounts for these properties, as follows;

  1. Singlewides: Minimum loan amount = $45,000.
  2. Doublewides: Minimum loan amount = $60,000.
  3. Modular Homes: Minimum loan amount = $70,000.

Back to Top


Direct Application Link:

Direct Application:

Use this Direct Online Application only if you are already sure that you will meet all of the guidelines for these loans.

Back to Top

 





Contact Us
1997 - 2007 ESL Intl.com. All rights reserved.