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...
by Legendary Homes | April 3, 2015 | Modular Homes, Mortgage Lenders
A criteria or guideline is always given whenever the construction of a modular home is financed by a lender or bank. The following criteria pertains to the criteria when applying for a VA loan for modular home construction. Modular Home must be Classified as Real...
by Legendary Homes | April 2, 2015 | Modular Homes, Mortgage Lenders
There are a number of frequently asked questions that concern the VA loan. Legendary Homes Inc of southern Michigan gives you some of these questions with their corresponding answers; How much is the guaranty? Veterans Affairs will guarantee up to 50 percent of a...
