Special offer

“Yes, We Do Manufactured Home Loans”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

    “Yes, We Do Manufactured Home Loans”

 

 

There are many areas of the country in which manufactured homes are pretty popular, but not all lenders do these mortgages. I don’t even recall how many years we have been doing them, but a long time.

 

Many confuse mobile homes and manufactured homes and even from time to time modular homes. We have no difficulty getting mortgages for all manufactured and modular homes, but that is not the case for mobile homes.

 

Joe,

 

Here is the contact information for the manufactured home referral I spoke to you about last weeks. Michael XXXXXXX 860 XXXXXXX. As I shared with you, our company does not do mortgages on manufactured homes. If I recall, I sent you a referral a couple of years ago, that was also for a manufactured home mortgage and I know you closed that one.

 

He needs assistance in financing his manufactured home to his father.  He owns the home and the lot it is on.  I was told his father has excellent credit.

 

Thanks in advance,

 

Michael

 

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Joe. What a great product to offer. Always something new.

Jun 21, 2016 08:21 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This is really helpful to have as a resource - I wish you did loans here in the DC metro area! 

Jun 21, 2016 08:57 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Joe - we had a person in our BNI who built these homes.  They are actually quite inpressive and can be quite large.

Jun 21, 2016 09:06 PM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Lenders no longer do Mobile or Manufactured in my area at all.  Thanks for sharing Joe

Jun 21, 2016 09:07 PM
Jenna Dixon
Momentum Real Estate Group LLC - Marietta, GA
55 & Over | New Constructions | Horse Farms

That's a great product to offer.  It's extremely difficult to find a comparable product in the Atlanta MSA which can be frustrating as manufactured and mobile homes are quite common in the northern and western counties.

Jun 21, 2016 09:13 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Getting manufactured homes financed is not the easiest thing to do. Glad you have this product. Enjoy you day!

Jun 21, 2016 09:30 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Yes, buyers just do not always know the difference in lending on all these types of homes, Joe...reach out and give you a call to find out!

Jun 21, 2016 09:30 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It is good to know that you do loan for manufactured homes.

Jun 21, 2016 09:58 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes, we are familiar with these Joe, and have found NOT EVERY bank will do these loans...

Jun 21, 2016 11:06 PM
Roy Kelley
Retired - Gaithersburg, MD

This is a good story to share. Prospective mortgage borrowers often need to go beyond their bank to find the right product for their needs.

Jun 21, 2016 11:20 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Joe --- if there isn't a type of mortgage you can do or do as well as others, I have no doubt you have the answer where to find the person who can help a client.   

Jun 22, 2016 02:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joe... obviously you are so right in pointing out that mobile homes and manufactured homes are not the same, yet many people and many agents don't know the difference. What get my goat is that our mls allows agents to list certain mobile homes as single family residences, which I never need to see popping up on my searches, as I've never worked with clients who want a mobile home and if I did, I'd refer them out.

Jun 22, 2016 02:50 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Joe,

I do remember cases of manufactured homes with loan issues.  Wishing you a delightful day.  A

Jun 22, 2016 03:14 AM
Modular Home Builders Association
Modular Home Builders Association - Charlottesville, VA
A true advocate for modular construction

Joe, I'd love to get some insight from you about the modular home lending process if I can. We are working on improving our website to better educate potential home owners on how to build their new home and they steps they need to take. Would it be possible to schedule a call with you?

Jun 22, 2016 04:55 AM
Joe Petrowsky

Modular Home Builders Association, give me a call at 860836-9294.

Jun 22, 2016 05:49 AM