Green House

Sellens Real Estate Lending

Professional Real Estate Lending since 1991

We offer many types of Mobile Home financing programs, some of which are described in the following program highlights: 

New home purchase financing available

Refinancing available on mobile homes you presently own

Loans on homes in Senior Mobile Home Park Facilities

Loans on mobiles on fee simple land, or in a park on leased land  (program #4)

Homes on land you own, permanent Foundations not always required  (Program #4)

Homes can be older than 1976 (Program #1) 75% loan available for 10-15 years.

Most loans require 10% to 20% down, although the borrower and home may qualify for 5% down.

Loan terms can be:

6.99% - 11.95% interest rate based on entire application information.  Ask about seasonal interest rate specials.

Minimum of two years continuous verified employment required

Minimum gross monthly income $2,000.  Because it is non-taxable, Social Security income of $1,400 will equate to $2,000 a month.

No prepayment penalties on early payoffs

Article date:  Aug. 18, 2010

 

 

Call to discuss your financing needs.

 

The best financing can be hard to fine.

 

We specialize in Mobile Home Financing

909.797.1024

Ask for Judy

 

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