Finance Options
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Four Different Types of Loans:
1. Land & Home Financing (up to 30 yr. mortgage):
This is a real property mortgage combining Land & Home and any options needed, such as: Well, Septic, Driveway, Foundation, Garage, Landscaping or Decks.
This type of financing offers the customer mortgage rates as low as 6% and up according to his or her credit rating. Mortgage
rates will move up or down weekly. Downpayments vary depending on credit from "0" down Land-n-Lieu to 5% downpayment & up.
2. Chattel or Home Only Loan:
This type of financing is for mobile homes only. It does not require that you place your land as collateral. Interest rates on this type of loan vary greatly
depending upon credit.
3. FHA Land or "1st Time Home Buyers" Program:
This is a great loan for a "1st Time Buyer" with absolutely no credit. All you need is at least 1 year job time and 4 alternate
sources of credit. (Examples: utility payments, cable payments, rental history, insurance payments...etc...) There is also down
payment assistance offered on this type of loan. Rates as low as 6.5%, but may vary as interest rates fluctuate.
4. Buy For Program:
Home Only Loan going into a rental community or leased property not in buyers name. This loan is for the customers who have had
some credit problems, but really need a home. The person buying the home must be a parent to the children living at home, and must
be current homeowners. The maximum amount to finance is $40,000.00 with a minimum of 15% downpayment and must have a credit
score of 700 or higher.
Frequently Asked Questions
Question: How much do you require for a downpayment?
Answer: Zero down with Land in Lieu or a trade-in - to as little as 5% down without.
Question: What will our monthly payments be?
Answer: There are Land and Home packages that can get you a monthly payment as low as $350.00 per month. There are Home only loans with payments as low ast $150.00 per month.
Question: Do you carry new or used mobile homes?
Answer: We carry new and used homes at our location.
Question: Do you have repo mobile homes for sale?
Answer: Yes, we carry several different banks' repo's.
Question: What are the interest rates?
Answer: As low as 5.50% and up depending on your credit status.
Question: Do you have land for sale?
Answer: We offer land for sale all over Montgomery, Harris, Liberty, Walker, Polk and Fort Bend counties.
Question: Can you help me find a place to put my home?
Answer: Yes, we have trained staff and an on site licensed real estate agent in house that will assist our customers on placement of their new purchase.
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