Manufactured Home Loans In Delaware

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Mortgage and Lending with The Mortgage Market of Delaware

A loan for a Class C Manufactured Home is somewhat hard to find. There aren't many lenders offering them but you are in luck. Our company provides home loans on manufactured housing. We can do homes that are classified as real property (Class C) meaning the title has been surrendered. The home is taxed along with the land.

There are quite a number of manufactured homes in Delaware, especially in Sussex County. We offer Conventional, FHA and VA home loans on manufactured homes.

With Conventional loans, you can purchase with as little as 5% down and a credit score of  620 or higher. A refinance where you are paying off a current mortgage can be done at 95% loan to value. A cash out refinance is available at 65% loan to value.

On FHA loans, one can purchase with 3.5% down and a credit score of 580 or better. Refinances go up to 97.75% loan to value and Cash out refinances at 85% laon to value.

VA home loans are offered at 100% financing; no down payment required. Credit scores down to 580 are allowed.   You can obtain a 100% cash out refinance with a 580 score or higher.  Current mortgages on second homes and investment properties can be done as a streamline refinance  with a 580 score or higher. 

There is a pricing adjustment for the property being a manufactured home but still very attractive interest rates.

 

 

 

Posted by

JoAnn Moore

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Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

I know in our market area it is hard to find a lender who will finance a manufactured home this is a good product to offer your Buyer's.

May 10, 2016 10:04 AM #1
Rainmaker
1,222,072
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

This is good information for prospective buyers of manufactured homes.  Thanks JoAnn Moore 

May 11, 2016 10:49 AM #2
Rainmaker
1,222,072
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Hello again JoAnn Moore Thanks for visiting my site

May 22, 2016 10:06 AM #3
Ambassador
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John DL Arendsen
CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS - Leucadia, CA
Crest Backyard Homes "ADU" dealer & Contractor

Thanks for posting to our group JoAnn Moore We'd be more than happy to recieve more of your contributions anytime.

Jul 12, 2016 12:22 AM #4
Rainmaker
1,675,429
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi JoAnn Moore ,  That is a good niche to have.  We have the same problem in our area.

Jul 15, 2016 01:22 PM #5
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope buyers looking for a loan on a manufactured home in DE will call you.

Aug 13, 2016 09:15 PM #6
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JoAnn Moore

Home Loans in Delaware
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