Discover Loan Solutions for Your Manufactured Home Dreams with Coble Capital Group

Are you dreaming of owning a manufactured home? You’re not alone! Many people find manufactured homes to be a fantastic and affordable way to achieve homeownership. At Coble Capital Group, we understand how important it is to find the right mortgage solution that fits your needs, especially when it comes to manufactured homes.  We have 25 years of experience financing manufactured homes. 

First, let's talk about the appeal of manufactured homes. These homes offer many benefits, such as affordability, flexibility in design, and often quicker construction times compared to traditional homes. Whether you’re looking for a cozy space for your family or a serene retreat away from the hustle and bustle, manufactured homes can cater to a variety of lifestyles and budgets.

When considering financing for your manufactured home, it's essential to explore the different loan options available. At Coble Capital Group, we offer a range of affordable loan solutions tailored specifically for manufactured homes. One popular option is the FHA loan. This type of loan can be an excellent choice because it often requires a lower down payment and has more flexible credit requirements. Our team can help you understand the eligibility criteria and guide you through the application process.

Another option is a conventional loan, which might be suitable if you have a stronger credit profile. Conventional loans can provide great terms, and, in some cases, you might be able to avoid private mortgage insurance (PMI), which can save you money in the long run. It's essential to assess your financial situation to determine which loan type may work best for you.

You might also want to consider a VA loan if you are a veteran or an active-duty service member. This loan is backed by the Department of Veterans Affairs and offers some significant benefits, such as no down payment and competitive interest rates. At Coble Capital Group, we can assist you in navigating the unique aspects of VA loans and ensuring that you receive the full benefits you're entitled to.

Now, let’s talk about the process of obtaining a mortgage for your manufactured home. It is essentially the same as applying for a mortgage on a stick-built home, but there are a few additional requirements, such as an engineering certification for the foundation. 

As you embark on this journey, it’s also important to determine the right location for your manufactured home. Consider factors such as proximity to work, schools, and amenities. The ideal location can greatly enhance your living experience and contribute to your overall happiness in your new home.

Do not forget to account for the type of manufactured home you want. There are various styles and layouts available, from single-section to multi-section homes. Each option has its own advantages, and we at Coble Capital Group are happy to discuss these differences with you, ensuring that your choice aligns with your budget and lifestyle.

We also offer One-Time-Close Construction to Permanent loans on manufactured homes.  This means you close one time, and then once the home is completed, the original loan modifies into the loan that you were approved for..........so, no anxiety during the construction process, since you are already closed!  And if you own your own land, that can be used as your down payment!!

As you move closer to fulfilling your dream of homeownership, remember that you are not alone. Coble Capital Group is committed to helping you navigate the journey of financing your manufactured home. Our experienced team is dedicated to ensuring that you find the best loan solution, tailored specifically to your circumstances.

If you're ready to take the next step toward your manufactured home dream, get in touch today!   Let’s work together to make your dream a reality!

This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms, and conditions subject to change without notice. Certain restrictions may apply. All approvals subject to underwriting guidelines.