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 5, 2015 | Modular Homes, Mortgage Lenders
The main purpose of the VA loan program for modular home construction is to help veterans finance the purchase of homes with favorable loan terms and at a rate of interest which is competitive with the rate charged on other type of mortgage loans. The following...
by Legendary Homes | April 4, 2015 | Modular Homes, Mortgage Lenders
VA loan for a modular home approval may be easier than many think. Understanding the key factors help you on the VA home loan process. VA Entitlement Borrowers must, first and foremost, be eligible for VA loans for modular home. This means they must have satisfied the...
