by Legendary Homes | April 10, 2015 | Modular Homes, Mortgage Lenders
Here are some facts about FHA loan for modular homes. An FHA home loan allows a low down payment Conventional lenders usually require a 20% down payment; you can pay less but are then required to buy private mortgage insurance for the lender’s benefit. That can add to...
by Legendary Homes | April 9, 2015 | Modular Homes, Mortgage Lenders
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). It has come a long way to help home buyers. An FHA loan has a number of pros and cons that you need to consider. Pros of FHA Loan Typically an FHA loan is one of the easiest...
by Legendary Homes | April 8, 2015 | Modular Homes, Mortgage Lenders
FHA defines a modular home as “a structure that is transportable in one or more sections. And they set a number of requirements to successfully have a FHA loan. An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA)....
by Legendary Homes | April 7, 2015 | Modular Homes, Mortgage Lenders
FHA loan is not perfect, but they are a great fit in some situations especially with modular home financing. The main appeal is that they make it easy to buy property, but don’t forget that those benefits always come with tradeoffs. Here are some of the most...
by Legendary Homes | April 6, 2015 | Modular Home Builder
VA loans are similar to FHA loans in that the Department of Veterans Affairs isn’t the group which makes the actual modular home loan. Rather, the VA insures the loan — or, rather, a portion of the loan, to be exact. VA Loan for Modular Home The VA’s...
