Good Morning!
I wanted to tell you that we are now offering a One-Time-Close construction to permanent program for manufactured and modular homes! Our One Time Close program provides construction financing, Lot Purchase and a Permanent loan, all wrapped in one. Here are some of the benefits of this program… 1) Reduction in total cost due to only one closing. 2) Reduces interest rate risk. 3) FHA 96.5% LTV financing allowed. 4) Only one closing prior to the start of construction. 5) No payments due from Borrower during construction. 6) Borrower’s first payment begins once construction is complete. 7) No requalification once construction is complete. 8) Builder/Retailer is allowed staged funded draws during construction based on line-item percentage of completion. If you would like to build a manufactured or modular home on land – give me a call or shoot me an email. …I’ll be happy to help you out! Have a good day today! …and thanks for reading. To sign up for my weekly mortgage quick tips – CLICK HERE. |