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There are a variety of options for each of these components as well. Get an attached or unattached garage, or add a crawlspace or full basement to your modular home. Enjoy one of West Michigan’s sunsets from an added deck or porch. Styles and floor plans of cost-effective homes to West Michigan residents.
Be sure you minimize negative impacts on your credit before getting a manufactured home loan, by avoiding excessive credit inquiries and paying your bills on time. Manufactured homes and modular buildings are often less expensive to purchase, less work to maintain, and provide much in the way of efficiency. People looking to downsize, live more simplistic lifestyles, or just save money, can benefit from the low cost, low maintenance living that modular and mobile homes provide. Preferred can help you better understand the differences and which one may be right for your family. Another aspect of this program is our low rate guarantee, we will match or beat any other lenders written offer on a comparable finance product.
Exceptional Service Is Our Standard
All of our interest rates are fixed, and there are no pre-payment penalties. If you a looking for a manufactured home, loans, or manufactured home mortgage loans, from coast to coast, you've come to the right place. In most cases, JCF Lending Group can give you a credit approval in as little as 15 minutes. JCF Lending Group offers Michigan manufactured home loans and programs for customers living in manufactured home parks and on rented or leased land.
Unfortunately, due to Fair Lending Practices, all consumers, based on their credit worthiness and the home they wish to purchase are given the same rate and applicable fees. JCF Lending Group offers the lowest rate & fee combination in the industry. This could not be accomplished by adding thousands of dollars to your new Michigan mortgage to pay commissions to a mortgage broker. Indian Reservations in Michigan are unique as the true ownership of the land is the Tribe, similar to a Co-Op park. As the tribe grants you land, they retain the ultimate ownership of that land and access to the reservation.
Beautiful Factory-Built Homes in Michigan
Whether you’re looking for a smaller home or a large floor plan, you can customize your home to meet your needs. Business that is passionate about providing exceptional, affordable homes to West Michigan families. F the Michigan Manufactured Home is in good condition and there is a sufficient amount of Equity in your home, additional programs such as an Equity Cash-Out and Debt Consolidation can be an option. Our Staff will quickly ascertain whether Michigan Mobile Home Refinancing will be beneficial.
Search our wide selection of manufactured home lenders that can assist you with your manufactured home financing needs. Finding a lender that is qualified and experienced in manufactured home financing is important. These lenders specialize and understand the specifics of manufactured home lending & modular home loans.
Popular Homes For Sale In Grand Rapids, Michigan
A typical factory-built home only creates enough waste to fill a 55-gallon trash can—not dumpsters like traditional builds can create. Manufacturers that enable homebuyers to customize a true dream home. Our experts will answer all of your questions and help you make the right decisions. It is absolutely possible to purchase a manufactured home loan with a past bankruptcy, foreclosure, or short sale. The minimum down payment with a conventional loan for a manufactured home is 5% down.
From sprawling ranches to suburban patio homes to condos and everything in between, Michigan’s housing landscape is definitely diverse. But for those who want to own property in Michigan without having to pay high real estate prices, another type of housing may be best. Riverbank Finance is a locally owned mortgage company in Grand Rapids, MI that offers mortgage loans for both refinancing ... So whether you need a manufactured home construction loan, a loan for your land & home, or just for the home only these lenders can supply the expertise needed to finance your new manufactured or modular home. Many of the same programs may be used for both manufactured homes and site-built homes. There are simply additional requirements for manufactured homes.
Find the Perfect Manufactured Home, Modular Home, or Park Model in Michigan
From financing to transportation to additional components like decks and garages, we are here to help you every step of the way. Preferred works with transportation and delivery experts to make sure that your home arrives safely and on time. Our expert staff stays with you from design through to the transportation and placement of your home. Manufactured homes are built on their own steel frames and have their own wheels and axles for transportation. They can be placed on slabs or piers and offer some of the most square footage for your money. Buying new or pre-owned home in a community owned by Four Leaf Properties and our Premier Partners ONLY.
Whether you are selling or buying a manufactured home or refinancing your current Michigan mobile home, our experienced staff is ready to help. Mobile homes are manufactured homes built before 1976, while manufactured homes were built after 1976. Department of Housing and Urban Development; starting in 1976, HUD started regulating the safety and manufacturing of mobile homes. Legally, these homes are referred to as manufactured homes, but “mobile home” is still a casually-used term. You’ll need a minimum credit score of 580 before buying a manufactured home!
JCF Lending Group finances mobile homes, broken into three categories, manufactured homes, modular homes and park "RV" models. We can finance single and multi-section homes as follows, single section homes can be no older than 20 years. All homes must be in good condition, and must not need major repair, to include roofing, skirting, siding and carpeting. The Michigan mobile or manufactured home must have been previously titled and cannot be a brand new home being sold by a Michigan Dealer. If the home must be financed and then moved, we are not the lender for you.
Yes, you can buy a home directly from the home seller and/or owner. We will provide all closing instruments, to include a purchase agreement and Michigan closing statements. JCF Lending Group provides a complete internal escrow service which is included with your new loan. In many cases, buying a home directly from the seller saves the seller thousands of dollars, which can result in a lower selling price, because there are no realtor commissions to pay.
An example of this would be if you own your land outright, or if your home is on family or friend's land. If there is land or acreage involved in your transaction, we are not the lender for you. JCF is not licensed in Michigan to finance land or the combination of land and manufactured home. We can only finance the home when it has not been deeded together with land. Most of our customers live in mobile home parks, manufactured home communities or rented/family land situations.
Finding a manufactured home loan does not have to be difficult; being able to compare qualified mobile home, modular home, or manufactured home lenders has never been easier. Nexa Mortgage, the largest mortgage broker in the country, has simplified the process of finding you the right lender for you and your family’s dream home. Conventional loans for manufactured homes are available with as low as 5% down payment. Conventional financing may be a great option for high credit score borrowers to get some of the lowest rates available. With a 20% down payment a home buyer may be able to waive PMI for ultimate savings.
Ur loan officers specialize in home loans of many types including Michigan FHA mobile home loans. The Federal Housing Administration insures mortgages to allow for low down payments and low mortgages rates. With the FHA program you may qualify to buy a manufactured home with only a 3.5% down payment.
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