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Home > Manufactured Home Financing in Oregon
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Manufactured Home Financing in Oregon is different from other loan |
Oregon Manufactured Home Financing
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Financing options in Oregon range from chattel mortgages (personal property only, no land) to conventional real property mortgages (when the home and land are being purchased together). Personal property loans usually require a 5-20 % down payment and are financed over 10 to 30 years. Interest rates on personal property financing is usually somewhat higher than real property loans. Our Financing sources include banks, savings and loan associations, mortgage brokers, and credit unions.
Oregon Manufactured Home Financing is a mortgage lender which means we have our own money to lend, so we can finance our own loans. This cuts out the middleman and brings the savings home to you. We simply offer the lowest mortgage rates and fees around! Because our competitors are only loan brokers, their financing and refinancing options the can offer you are very limited.
Our loan programs in Oregon can finance chattel mortgages or home and land purchases. A chattel mortgage is when the land is not a factor, just the manufactured home is financed. Home and land purchases are different than a chattel mortgage, and we handle them accordingly. To learn about how we can help you in your state, call us today.
mortgage lender which means we have our own money to lend, so we can finance our own loans. This cuts out the middleman and brings the savings home to you. We simply offer the lowest mortgage rates and fees around! Because our competitors are only loan brokers, their financing and refinancing options the can offer you are very limited.
Apply Online or Call Toll Free (800) 882-1999
Common Questions about Manufactured Home Financing |
What is the difference between a Manufactured Home and a Site Built Home?
A Manufactured home is entirely built in a factory, and transported to the site to be assembled. A Site Built Home is constructed on site, using traditional building methods.
What is the difference between a Manufactured Home and a Mobile Home?
Mobile Homes were built before 1976 before HUD code construction and safety standards. A Manufactured Home is a home built after 1976, with the Federal standards applied to the construction.
Is Financing Offered on homes that were built prior to June of 1976?
Many homeowners are under the assumption that financing is not available for their home, if it was built prior to June of 1976. This is a common misconception. We absolutely offer competitive financing for homes built prior to this date.
If I have a Bankruptcy can I get a Mobile Home Loan?
Around the turn of the year, you could get financing for a mobile home with a bankruptcy over two years old, and a good rebuilding effort. But now, with the financial industry in a distressed state, they are usually unwilling to lend to anyone with a bankruptcy within 4-5 years.
How do I know I am getting the best rate on my Mobile Home Financing?
If you are looking for more information on different types of manufactured home loans and how to deal with the application process, please browse our website, or give us a call. We are happy to help, especially if you seek seasoned and honest advise from a mobile home loan expert.
What about my Credit Score?
When looking finance a Mobile Home Loan, it is a good idea to know your credit score. When you complete your free Manufactured Home Loan Application we will pull credit report. Lenders require your credit score to meet a certain mark, but it helps greatly if your score is above 700. However, If your score is below 700, we will work with you to research your financing options, or to build your credit.
(800) 882-1999CAMHF - Mobile Home Loans
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Company Info.
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MH County Center
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Mobile Home Services
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