5.99%.....7-YEAR LOAN....
1977 & NEWER MANUFACTURED HOMES IN PARKS
700+ FICO , 10% DOWN MINIMUM
Wow! Fantastic headlines!
If I had read this a few years ago, I would say that the story was a total lie!
But it is reality!
My "main" lender, which is a national credit union, has announced a loan special that is designed for the "lower" priced manufactured homes in parks. This special rate expires Dec. 31, 2010.
Why is this happening? Several new bank have entered the MH chattel finance business. In other words, we have several new lenders offering loans for manufactured and mobile homes in parks. With more lenders entering the field, we are seeing rates drop....and drop....and drop!
Stay tuned in to the blog and find out the latest news. More news coming!
Call any time for advice with your manufactured home transaction.
Dave Shanklin, Loan Agent
MLS ID # 314463
Mobile Brokers Acceptance
Fair Oaks, CA
800-401-3372, or 916-962-7128
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