How To Get A Mortgage For A Manufactured House

By John Graystew

If you're considering buying a manufactured house and you're worried about the different mortgage requirements for these kind of homes, you can relax. Many lenders have the same mortgage options available for a manufactured house as a 'regular' house.

When looking for a loan, there are a lot of places to look. You can try your local bank, or go online and search for rates. Maybe you already have a trusted advisor in this area. If so, ask him or her for advice on your mortgage.

When looking for a manufactured home loan, there are a few steps you can take. When you do your comparing online, ask for multiple quotes. This way, you get a few different interest rates and loan varieties to choose from.

When you've asked for a few quotes, you will get calls from some of the mortgage companies. They will let you know what information they need to assess your mortgage application further.

Take the quote that suits your situation best, print it out and sign it. Then, send it back to the mortgage company along with any more paperwork required (they will tell you what paperwork they need). Make sure that there is a deadline on the forms somewhere, because you want the builder to have the money in time for closing. After you've sent in the paperwork, you can relax and wait for the closing.

About the Author:

John writes articles about loans and financial matters. He also writes articles in Dutch about hypotheek and maximale hypotheek.