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Manufactured Home Equity 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 up hill 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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