Mortgage Information
Although mortgages for standard constuction and manufactured housing is similar, there are distinct differences. Not every mortgage company, bank or lender has programs for manufactured housing, and interest rates are dependent on where you will place your home. When you place a home on private property, it can be classified as real estate, when you place it on leased land, it is classified as personal property, and different interest rates apply.
Being in the business for over a decade, we at Coastal Homes are experienced with lenders and loan programs specific to manufactured housing and their placement. We have mortgage programs through FHA and conventional lenders that offer a variety of packages to suit your specific needs. Whether your credit is marginal, you need a low down payment loan, or you have land that you wish to use as a down payment, we can help find the right loan to help you attain the dream of home ownership. Use the links below to find general information and calculators for the conventional mortgage industry, and if you have specific questions, we will be happy to refer you directly to a mortgage banking specialist familiar with manufactured housing.
