Manufactured Home Owners Can Refinance Through Their Choice Of Lenders

While choosing to purchase a manufactured home is one of the most cost effective decisions you could make, there may still come a time that you need extra money for a major repair or remodeling project. When that time comes, you can turn to a manufactured home refinancing company to borrow money against your equity, just as you would with any traditional home. Many banks and mortgage companies have special divisions that deal specifically with modular homes, mobile homes, and trailers.

1) MH Loans

MH Loan Corporation is a company dedicated to granting mortgages and loans for new and used manufactured homes. Whether you are purchasing or refinancing, this company specializes in the kinds of loans you are seeking. They work with all the big names, including, Silver Crest, Kit Homes, and Fleetwood to offer the best possible terms based on your credit and financial standing, as well as the value of your home. You can learn more at mhloans.com or you can call 888-809-1145. Their corporate headquarters is located at 601 Main Street, Suite 203, Vancouver, Washington, 98660.


2) Freddie Mac

A refinance through Freddie Mac is unique in that you would turn to them regardless of what company underwrote your original loan. Freddie Mac will purchase your manufactured home mortgage and underwrite a new loan with their specific terms. This program can help families who are seeking better rates or who are struggling with their current mortgage terms. They handle single, double, and triple wide homes, as well as unconventional structures. Terms and conditions can be reviewed at freddiemac.com, or you can call 800-424-5401. The main office can be found at 8200 Jones Branch Drive, McLean, Virginia, 22102.


3) Mountainside Financial

Another finance company that specializes on mortgages and refinancing for manufactured homes is Mountainside Financial. They are a favorite among buyers of manufactured homes from Skyline, Karsten, Clayton, and many other builders. To learn of their many finance options and their terms, you can visit them online at mountainsidefinancial.com or call 877-475-6852. The corporate headquarters is located at 27 Wells Road, Fairfax, Vermont, 05454.


4) 21st Mortgage

A full service wholesale lender, 21st Mortgage Corporation has a division dedicated specifically to financing and refinancing manufactured homes. Whether your home is new or used, a Golden West or a Skyline, you will find the 21st Century has a loan product that will suit your needs. You can start the loan application process or just learn more about their services at 21stmortgage.com. You can also call them at 800-955-0021, extension 1456. The address for their home office is in Knoxville, Tennessee.

5) Lending Tree

A great resource for ensuring you are getting the loan you need at the best possible rates is to work with a broker like Lending Tree. If you visit lendingtree.com and fill out an application, they will work to find the right mortgage company for your manufactured home at the best possible terms. You can call Lending Tree at 800-555-8733. Their physical address is 11115 Rushmore Drive, Charlotte, North Carolina, 28277.


6) JCF Lending Group

A Chattel Mortgage is a specific loan on a manufactured home or mobile home in which the land is not included in the mortgage. JCF Lending Group’s manufactured home division specializes in these kinds of loans. They offer competitive interest rates and fair terms to applicants who qualify, with rates as low as 5%. You can begin to application process at chattelmortgage.net, or you can call 866-967-0143. JCF Lending is physically located at 848 North Rainbow Boulevard, Suite 2249, Las Vegas, Nevada, 89107.


7) Department Of Housing And Development

In an effort to encourage the sale of quality manufactured homes throughout the country, and to support those buyers who have financed manufactured homes, the Federal Department of Housing and Urban Development are able to offer new mortgages and refinancing services for these homes. The maximum loan amount for a manufactured home without the land included is $69,678, and for both the manufactured home and the land, the maximum amount is $92,904. You can learn more about the program at portal.hud.gov, or you can call 800-FED-INFO. The offices are located at 451 7th Street, Southwest, Washington, DC, 20410.


8) Aaron Financial Services

Aaron Financial Services offers a full line of mortgage and refinancing products, and they have their own division dedicated to manufactured homes. You can learn about the process of refinancing your manufactured home at aaronfinancial.net or you can even start your loan application process. They can be reached at 901-748-2020, and their headquarters is located at 8275 Tournament Drive, Memphis, Tennessee, 38125.


9) California Manufactured Home Finance

Those manufactured home owners living in California can receive personalized service from the specialists at California Manufactured Home Finance. CMHF is a mortgage banker, not a broker, so they are authorized to approve their own loans and set their own terms. They do not look elsewhere to secure your loan. You can learn more at camhf.com or you can call them directly at 800-882-1999. They are located at 469 East Mission Road, San Marcos, California, 92069.


10) American Financial Resources

American Financial Resources, or AFR, offers a full line of mortgage and financial products, but offers services from specialists in their manufactured homes division. They will work with any size home, new or used, and they offer competitive terms and rates to qualified applicants. They can be found online at afrmortgage.com, or you can call them at 800-634-8616. AFR is located at 9 Sylvan Way, Parsippany, New Jersey, 07054.


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