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Manufactured Home Loans
Nationwide Mortgage Loans offers home equity loans, second mortgages and refinance loans for SFR, modular and manufactured homes, regardless of past credit problems. It can be very difficult to qualify for a home equity loan if you are using a manufactured home as collateral.
In most cases, manufactured homeowners have an uphill battle when applying for cash out equity loans. Nationwide Mortgage Loans offers 2nd mortgages and variable rate home equity lines and fixed rate equity loans, regardless of past credit problems.
Interest rates for home equity loans can be a bit higher with pre-fabricated homes than with your common single-family residence. The underwriting banks consider modular/manufactured homes to be a more significant risk for default than they consider with standard SFR financing.
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Mortgage rates fell to record lows this year. Take advantage of VA and FHA loan programs that enable borrowers with manufactured homes to get approved for the lowest rates available online.
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