- Single and Multi-Section Manufactured Homes - regardless of whether the home is located in a park, on leased land or private land, 21st Mortgage can assist.
- Loan Amount - minimum loan amount is $20,000.
- Bank Repossessions/HUD Foreclosures - 21st Mortgage does not provide financing for other manufactured home lender's repossessions or foreclosed properties including HUD.
- Age of Manufactured Home - No age restrictions apply except for the following states:
- AL: the mobile home must be 20 years of age or newer
- ME: the mobile home must be 2008 or newer
- MS: the mobile home must be 1999 or newer
- NY: the mobile home must be 1999 or newer
- Down payment requirement - as little as 5% of the purchase price*
- Closing Costs and most Third Party Fees - maybe financed into your new manufactured home loan.
- Escrow - is required for both insurance and taxes.
- Terms - Purchase and Refinance terms range from 60 months to 23 years*
- Mortgage Insurance - not required on any of our loans.
- Rates - All our manufactured & mobile home loans have fixed interest rates starting as low as 6.99%*
- Loan Payment Options - Free Monthly Auto Draft Payment Option, Free Bi-weekly Payment Plan, and a convenient on-line payment option.
How can I apply for a manufactured home loan?
* Subject to current underwriting guidelines. Special Financing may be available for 21st
Mortgage pre-owned inventory. Rates and credit guidelines are subject to change without notice.