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MANUFACTURED HOME FINANCING PROGRAM
JCF Lending Group offers
Used Manufactured Home Financing. We are a home only lender,
providing manufactured home financing for homes not attached to
real property by way of deed or title. We do not finance
manufactured homes and land, just the manufactured home.
The majority of our customers live
in manufactured home parks or in
leased lot communities. Below we have outlined our basic
requirements and guidelines to better assist you. Meeting the below
requirements does not guarantee approval. Contact customer service
for more information.
FINANCING PROGRAM
HIGHLIGHTS
- Approvals in 15 Minutes. (Phone Only)
- Used Manufactured Home Finance with as Little as
5% Down.
- Terms from 7 - 25 Years.
- Homes 1977 or Newer. (Nationwide - Single,
Double or Triple Wide)
- Homes 1970 & Newer. (California - Double or
Triple Wide)
- Minimum Loan Amount $20,000.00, Maximum Loan
Amount $500,000.00.
- Minimum Equifax/Beacon Credit Score 660.
- All Finance Programs Offer Fixed Rates with No
Prepayment Penalty.
- Closing Costs Can be Financed.
- Down Payment May be Gifted. (10% Minimum Down
Required)
- Zero Application Fees.
MANUFACTURED HOME QUALIFICATIONS
- Home Can Not Need
Major Repairs or Need Deferred Maintenance.
- Home Must Exceed 600
Square Feet and Minimum 12 Feet Wide.
- Must be Primary
Residence or Vacation Home, No Rentals
Allowed.
- Home Must be On
Existing Lot and Have Skirting with Utilities
Intact.
- Located on
Rented/Owned Land that is Not Tied to the Home by
Deed.
- Must be 1970 or
Newer. (California - Double or Triple Wide
Only).
- Must be 1977 or
Newer. (Nationwide - Single, Double or Triple
Wide).
- Minimum Loan Amount
$20,000.00. Maximum Loan Amount $500,000.00.
CUSTOMER FINANCING
QUALIFICATIONS
- Must Be Legal U.S. Resident, with
Verifiable Documentation.
- Must Have 5 Year Credit History, with a
Previous Car Loan.
- Must Have Good to Excellent Credit. No
Poor or Fair Credit.
- Two Year Work History, Unless Retired.
Must be Verifiable.
- Cannot Be In Credit or Debt Counseling.
Must be Completed.
- No Bankruptcy or Foreclosure Within 4
Years of Discharge Date.
- Income Must be Verifiable. (No Stated
Income Programs are Available)
- Minimum Down Payment is 5% of Selling Price,
Depending on Year.
- No Borrowed Down Payments. Source must be
Seasoned Funds or Gift.
MANUFACTURED HOME FINANCING
FAQ's
Q: I See that You Must Have
Good Credit. What if My Credit is Bad or Poor?
A: JCF only offers manufactured home loans to consumers with good
or excellent credit.
Q: Does JCF offer Land/Home
Combination Financing?
A: No, JCF does not finance land or land & home combinations.
We are a home only lender.
Q: I Want to Buy and Move a
Manufactured Home onto My Property, Can JCF Help?
A: No, JCF will not finance a manufactured or manufactured home
that will be moved after financing.
Q: Can JCF Help me Purchase
a Manufactured Home from a Dealer?
A: Only when the Dealer is acting as a listing agent for a
homeowner. We do not finance new homes or homes that are coming
from the dealers inventory. If the home must be moved, we cannot
help.
Q: Is there an Application
Fee to Apply with JCF?
A: No. We do not charge application fees.
Q: Does JCF offer 100% Manufactured Home
Financing?
A: No. All customers must have a minimum of 5% down of the selling
price. Best rates available with 20% down.
Q: Does JCF Accept Co-Signers on Their
Loans?
A; No. All persons applying must live in the home with the
exception of vacation homes.
Q: Do I Need a Realtor to Use JCF
Lending Group?
A: No. JCF will work directly with buyers and sellers. We provide
all of the closing documentation necessary.
Q: Is 3rd Party Escrow
mandatory on JCF Manufactured Home Loans?
A: No, with the exception of California, where escrow is
required. All escrow functions will be handled internally by JCF's
Documentation Department.
Q: I Would Like to Help My Family Member
Buy a manufactured home.
The majority of our customersCan JCF Help?
A: No, JCF does not finance homes purchased for friends or
relatives.
Q: How Long Does It Take to Be Approved
for Manufactured Home Financing?
A: By Phone in as Little as 15 minutes. Online applications take 12
– 24 hours.
Q: Are JCF's Manufactured Home Loans
Assumable?
A: No, our loans are not assumable.
Q: Are there any Pre-Payment Penalty Fees
on Your Manufactured Home Loans?
A: No, although closing costs and escrow fees are non-refundable.
Our loans carry no prepayment penalties.
Q: What Terms do Your Manufactured Home
Loans Run?
A: This depends on the loan balance. Our terms run between 7 – 25
years.
Q: How Long is the Complete Process to
Get a Manufactured Home Loan?
A; From application to funding, normally occurs within 2-3 weeks,
depending on the State.
Q: Is JCF Affiliated with 21st Mortgage
or Vanderbilt Mortgage?
A: No. They are friendly competitors, there is no relationship
present.
Q: Do Your Manufactured Home Loans
Require an Appraisal or Inspection?
A: Yes, an inspection is always required. In some cases, an
Appraisal/Inspection combination will be required.
If your questions have not been answered,
please contact us.
We
are able to offer the lowest lender direct manufactured home loan
rates possible along with a Variety of Manufactured Home Loan
Programs to meet the needs of a Nation. We will easily guide you
through the manufactured home loan process, providing you with
whatever level of service you require. We offer Fixed Rate
financing, No Pre-Payment Penalties, No Application Fees and we are
Proud to be an Equal Housing Lender. We provide manufactured home
loans in the following States;
ALABAMA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, DELAWARE, FLORIDA, GEORGIA, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS,
KENTUCKY, LOUISIANA ,MAINE, MARYLAND, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW
MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH,
VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN AND WYOMING.
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