Modular Home Second Mortgage

Qualifying for a second mortgage with a modular home has been quite an accomplishment in recent years. People who own modular or manufactured homes have had to go to great lengths to obtain secondary financing for single-family modular homes. More equity is required if your home is considered to be either.

Nationwide Mortgage Loans offers second mortgages and home equity loans, credit lines, and refinance loans regardless of past credit problems.

In most cases 2nd mortgage rates will be slightly higher with Pre-Fabricated homes than they would be with a standard single-family residence. The lending institutions consider modular/manufactured homes to be a greater risk factor than with your typical SFR. The more equity you have in your home, the larger opportunity you will have to borrow more money.

Property Type Modular, Manufactured, SFR, Condo, MFR
Lien Position: Second Mortgage
Amortization: Principal & Interest Payments
Interest Rate Types: Fixed Interest or Variable Rates
Fixed Loan Terms: 15, 20, 25, or 30-year payment schedules
Taking out a second mortgage with Nationwide Mortgage Loans can help you transfer all of your consumer debts into one low mortgage payment. Get a free, no-obligation 2nd mortgage quote today and let us help you find the best equity loan options for maximizing your monthly savings! Lock into a Second Mortgage with a Fixed Rate.

 

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