Manufactured Home Financing

Manufactured Home Financing Made Easy

Manufactured Home Financing

Getting a home loan that works for you is an essential step in purchasing a new manufactured home or modular home. However, sometimes options can seem limited when it comes to factory-built housing, and the fine print can often be confusing. At Centennial Homes, we can help you make sense of everything. We can help find the right loan for your family’s unique financial situation, and ensure that the financing portion of the home buying process doesn’t delay your move in or create any additional frustration. Our number one goal is to get you a great deal on a quality home you’ll love.

Centennial Homes offers our customers many financing options and resources, because we understand that every situation is a little different. We’ve worked hard to build strong relationships with respected lenders, and we’ll work with them to find that loan that’s best for you. You can get pre-qualified for a manufactured or modular home loan today simply by filling out the short form below. We look forward to working with you!

Conventional Mortgages

Also known as land/home loans, Conventional Mortgages offer homebuyers many advantages in exchange for the purchase of a manufactured home and land together. This type of loan offers you a convenient front-end, one-time close, and you may finance site improvements into your loan. With the option to pay no monthly Private Mortgage Insurance (PMI), and the opportunity to buy down your interest rate, Conventional Mortgages often boast lower monthly payments. You may also qualify for longer loan terms, and if you’re refinancing, closing costs and points can be financed into your loan. This enables you and your family to save even more of your hard-earned money.

FHA & VA Mortgages

If you’ve had credit challenges in the past, but currently have the ability to repay a mortgage, then FHA manufactured and modular home loans present an excellent opportunity for you. In many cases, these loans have lower credit score and down payment requirements than conventional loans. This means that past credit challenges, or a lack of established credit, will not automatically disqualify you from obtaining one. The VA offers manufactured and modular home loans to active duty military, veterans, and their spouses. As with FHA loans, VA home loans have lower credit requirements, but they also offer eligible homebuyers significant additional benefits. You may be able to purchase your new home with no down payment at all, you won’t need to make monthly PMI payments, and the home appraiser is selected independently by the VA, meaning the lender has little or no control over the appraisal process.

FLEXIBLE FINANCING OPTIONS

At Centennial Homes, we’re dedicated to your success, no matter what your situation happens to be. We’re well versed in flexible options for financing manufactured and modular homes, and whatever your situation may be, we’re committed to getting you the help you need. If you’re self-employed, an independent contractor, or work at a cash-based or tip-based job, an Alternate Income program may enable you to finance your new modular or manufactured home in a way that works for you. If you have limited credit, a home loan co-signed by a family member can help you acquire financing and build your credit, with no minimum credit score required to qualify. Pre-qualifying for a modular or manufactured home loan is a quick and easy way to start your journey, and it’s as simple as filling out the form below!

Get Pre-Qualified for a Manufactured Home Loan

Just fill out the form below and our qualified finance specialists will be happy to help you along the path to home ownership.