FHA Mobile home lender, Modular home  lender in Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi,  Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas

 1^ST Continental Mortgage FHA Mobile and  Modular home  lender in Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi,  Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas

Fill out a Quick Application Call us with any questions in regards to FHA financing at 954-391-8387

   Low Down Payment of 3% and 100% financing options available.

•·        95% of Appraised Value Cash-Out Refinance

•·        FHA Streamline Refinance  

•·        NO  Income Maximum Limits

•·        Gift Funds:  3% down payment can come from FRIEND, FAMILY MEMBER OR NON PROFIT

•·         Seller CAN PAY UP TO 6% OF YOUR CLOSING COST!

•·        Down Payment Assistance  

•·        NO Cash Reserves Required

•·        Gap in Employment OK

•·        Self Employed 1-2 Yrs OK

•·        Permanent Alien OK

•·        NO pre-payment penalty

•·        FHA Secure

 FHA and the Mobile Home Loans in Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas

In some area's, manufactured homes, also known as Mobile Homes, are the primary residence of choice and one of the most difficult home to get a competitive low interest rate home loan. Enter the FHA Loan Program.

In many instances, the actual purchase price is much lower than conventional homes and allows a wider range of prospective home buyers to become home owners. Our FHA Programs allow for both Double Wide and Single Wide manufactured home financing under the same underwriting terms and conditions as conventional "Stick built" or Block homes.

You get the same quality low rate, and in most instances you will get a much higher loan to value (up to 97% financing) than you will find in the Conventional Loan market.

The seller may contribute up to 6% towards the payment of your closing costs and gifts from HUD qualified sources may be used to meet 100% of the minimum down payment requirements.

Mobile Home Lending Criteria

General Eligibility Criteria for Manufactured Housing By HUD.

• The home must be constructed in conformance with the Federal Manufactured Home Construction and Safety Standards as evidenced by the affixed certification label. This is the RED TAG that is on the rear of each section of the manufactured home. If the RED TAG is missing the house is not eligible for Section 184 financing.
• Only manufactured homes built after June 15, 1976 will bear that seal. Manufactured homes built before that date are ineligible for Section 184 financing.
• The home must be classified and taxed as real estate (as applicable).
• The mortgage must cover both the manufactured unit and its site or the appropriate lease documents must be in place. The mortgage must have a term of no more than 30 years from the date amortization begins.
• The manufactured home must not have been installed or occupied previously at any other site or location.
• The finished grade elevation beneath the manufactured home or, if a basement is used, the lowest exterior grade adjacent to the perimeter enclosure, must be at or above the 100-year return frequency flood elevation.
• The house must be permanently attached to the foundation system. Existing homes must be attached to the foundation system by either cable or rebar welded to the frame rail or similar fashion. The unit must be anchored to the footing (or pier).
• The axles and tongue must be removed from the unit. The chassis must stay in place.
• The house must have adequate skirting and insulation around the perimeter to prevent the crawl space area from freezing and allow proper ventilation of the crawl space. If the skirting is wood, the wood must be properly treated to prevent decay.

Mobile Home Financing In Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas

No matter if you call it a factory built home, a manufactured home, a modular home, or a prefabricated home; smart Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi,  Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas financing Mobile Home Buyers know that manufactured homes offer them comparable quality, lower costs per square foot and dramatically quicker build times than a traditional site built home.

These new mobile homes in Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas are a world better in quality and Construction than the single and double wide trailer homes of a generation ago. Not only has the quality of manufactured and modular housing improved dramatically for Florida home buyers, but now there are also more Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas mobile home mortgage programs for manufactured homes and better home loan options for modular home buyers in Citrus County and the other Florida cities we serve.

Most industries in Florida switched to factories and assembly lines over one hundred years ago. Only Florida home builders were left behind. Many still cling to the outdated belief that the only way to build a home is by delivering materials and workers to the vacant lot and managing subcontractors for 6 months to a year.

Not true.

It should be no surprise that the fastest growing segments of the housing market today are Florida manufactured homes and modular homes.

As Mortgage Lenders, we at 1st Continental Mortgage have helped scores of Floridians from first time home buyers to vacation home buyers secure excellent FHA home loans to achieve mobile and modular home financing. If you need a loan for a mobile home on land, a modular home in a Florida subdivision or a manufactured home on acreage - please call 1-800-570-0448 or apply online today using our quick application.

Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi,  Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas Modular homes or manufactured homes from top manufactures now compare in quality with homes built by better custom home builders No matter what name they go by, factory built homes cost between ten and thirty percent less than traditional site built homes. At 1st Continental Mortgage, we know why you want a fixed rate mortgage to buy a modular home in a subdivision, an FHA home loan for a manufactured home on an acre lot, or conventional home loan for a mobile home on a rural retreat. With our network of financing, we can help you get the manufactured home financing for your Florida dream home at interest rates and terms you deserve.

Some mortgage lenders do not know how to get these loans approved. Worse still, they don't welcome the business of manufactured home buyers. At 1st Continental Mortgage, we want your business. We will be glad to assist you in securing the best rate and terms for your Florida manufactured home mortgage. We have been helping with the purchase and Refinance of mobile, modular, and manufactured homes from Dade County to Leon County for over a decade.

Some Alabama, California, Florida, Indiana, Kentucky, Louisiana, Maryland, Mississippi,  Missouri, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas Mortgage lenders don't know the lenders who want to lend money for a manufactured home and land package. We do. If you are looking at a modular home in a subdivision, or one of many Florida manufactured housing developments, call 1st Continental Mortgage today at 1-800-570-0448. Our friendly staff can help you get a low fixed rate mortgage or refinance on your Florida modular home, manufactured home or Mobile Home.

Answers to Mobile Home Questions

Manufactured Home Q&A That Mean Something

Can I finance a used mobile home?
When shopping for a mobile home, what should I consider?
Should I buy a mobile home from a dealer or use a real estate agent?
Can I finance a single wide manufactured home?
What is the difference between a double wide and triple wide home?
What is the difference between a mobile home and manufactured home?
Are modular homes the same thing as mobile homes?
Can a modular home be built in a subdivision?
Is it difficult to finance a manufactured home?
How do I get a loan for a mobile home?
Should I finance my mobile home through a dealer?
Can I use my mobile home to consolidate debt?
How difficult is it to refinance a manufactured home?
Does my mobile home have to be permanently affixed to the ground?
Does your company have experts that specialize in MH financing?
How do you view credit when financing a mobile home?
I need a fast turnaround time, can your team get it done?
Can I get a pre-approval letter for a mobile home loan?
What are the closing costs on a mobile home loan?
What Interest rate can I expect to get when financing a manufactured home?