At the start of either buying a new mobile home or refinancing an existing manufactured home mortgage it is essential to learn about the lending process. MH Loans offers a leading online resource for learning basic concepts and answering questions about lending. Most people are first introduced to the term “chattel mortgage” which is used when land is not a factor, but rather just the mobile / manufactured home, when the research buying. Typically those stationed at a mobile home park, on leased land, family land, or other locations will likely have a separate mortgage or fees for the land.
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Did you know that MH Loans provides mobile home financing for your used home purchase with as little as 5% down? Apply today for the lowest rates in the nation. As a leading full service lender in the industry MH Loans Corporation provides financing for Florida, California and Texas mobile homes.
Most mortgage brokers and banks hardly even consider the unique needs of manufactured homes financing - MH Loans specializes exclusively in this industry!
The advice and professional assistance required to make informed decisions is moments away.
Call to connect or send an email, we look forward to hearing from you.
We’re committed to making the home lending process clear and giving you tools, information and guidance to help you move forward with a decision and home loan that’s right for you. We have a wide selection of loan programs that enable us to help more people buy or refinance their home.