Texas Mobile Home Loan Programs

Information We Need From You:

• Is your home located on Land or in a Community?
• What is the Year, Manufacturer and the Size of the home
• Which Program(s) are you interested in (purchase, refinance, cash-out, debt consolidation or home improvement)
• A brief summary of your credit history (if available)

If you live in Texas and need financing for your manufactured or mobile home you have come to the right place. We are your locally owned loan source for mobile home, manufactured home and conventional home mortgages. Our Fast and Easy loan process is designed to save you time and money.No login required!

 

Our Loan Products:

For In-Park or Leased Land, Private Land Not Owned by the Borrower or Home-Only
- Non-conforming, Lender Portfolio Personal Property Loans

For Land and Home (Title eliminated, Non-Title eliminated, Permanent Foundation, Non-Permanent Foundation)
- FHA and VA (Double and Triplewides only on Permanent Engineered/Certified Foundation)
- FNMA (Doublewide and Triplewide only on Permanent Foundation)
- Non-conforming, Lender Portfolio (Doublewide/Triplewide only no foundation/title elimination required)

Our Loan Programs:

New Home Purchases, Refinance, Debt-Consolidation, Cash-Out, and Home Improvements

Pre-qualification fees: We Offer No Upfront Application or Credit Bureau Fees to obtain pre-qualification.

Rate Products: We offer Fixed, Variable and Step Rates. Some restrictions may apply based on your location.

Interest Rates: Rates range from 7.4% to 12% depending on your overall credit quality, the age of the home, your collateral type, loan amount, loan-to-value and type of interest rate program selected. Your rate will then be determined and outlined on your Pre-Qualification letter.

Loan Terms:

Home Only: Can Be Up to 25 years, based on the age of the home, loan amount and program type.
Land and Home: Can Be Up to 30 Years, based on age of home, loan amount and program.

Down Payments:

Home only Purchase: 5% based on excellent credit. 10%-20% down based on good to average credit history.
Land and Home Purchase: FHA 3.5% down, FNMA 20% down, Non-Conforming 10% down, all based on credit history and age of home and program selected

Occupancy: Owner occupied only - No rental, Investment, Buy-for Family/Friends or Co-signer programs.
Second or Vacation Homes in resort/recreational locations are acceptable

Minimum Loan Size:

Home Only: $15,000 (singlewide, doublewide and triplewide)
Land and Home: $60,000 (Doublewide and Triplewide only)

Age of Home:

Singlewide: 1994 or newer
Doublewide and Triplewide: 1976 or newer POST-HUD (exceptions available in CA)

No Prepayment Penalties: You can pay-off your loan early, make additional payments or refinance without a penalty.

Bank Repossessions/HUD Foreclosures: We do not offer financing for repossessions or foreclosed properties.

Read more about the Purchase / Loan Process