Manufactured Homes
Construction-to-Permanent: A One-Time Close Mortgage Loan For Manufactured Homes
Our one-closing manufactured home mortgage option allows you to finance the purchase of your dream home and lock in your permanent mortgage rate all at once. This means you will be able to enjoy a hassle-free home-buying experience with fewer fees and lower closing costs than you would have with separate construction and permanent loan closings.
Prior to closing, your permanent financing interest rate will be locked in, so you can be sure that you won't be affected by any fluctuations in the market. Once your home is delivered and installed, the loan will automatically convert to a permanent, fixed-rate mortgage, and scheduled monthly payments of principal and interest will begin.
With our one-closing mortgage option, you can rest assured that you're getting the best possible financing for your dream home. If you have any questions about the process, our team of experts is always available to help you through every step of the way.
Benefits of a Construction-to-Permanent, One-Time Close Mortgage Loan For Manufactured Homes:
- One time closing! Save money and time with a single closing
- Secure your permanent financing interest rate before closing
- Up to 12-month construction period
- As little as a 10% down payment (or land equity injection)
- Interest-only payments during the delivery and construction phase
- After delivery & installation, the permanent phase will have a fixed rate for the mortgage term with multiple terms available to choose from
Post-closing modifications to the locked permanent note rate may be available in the event conditional market rates are lower at the end of the delivery and installation phase. All loans are subject to credit approval. Terms and conditions are subject to change. Speak to a loan officer for details.