How To Get A Mortgage For A Manufactured House

By John Graystew

If you're considering buying a manufactured house and you're worried about the different mortgage requirements for these kind of homes, you can relax. Many lenders have the same mortgage options available for a manufactured house as a 'regular' house.

You can get a loan in a lot of places. If you don't already have a trusted mortgage advisor, your local bank is willing to help you out with a mortgage. You can also look for rates and mortgages on the Internet.

Be sure to follow a few proven steps when deciding what mortgage you're going to pick for your manufactured home. If you decide on doing some comparing online, always ask for multiple quotes from multiple companies. This way, you get multiple varieties of mortgages and interest rates.

After you've received a few quotes from online mortgage companies, you will probably get a call from some of these companies. They will ask you for more information in order to provide you with a more accurate quote.

When you have received a quote that you're happy with, you print it out, sign it and send it to the mortgage company. They will tell you what other paperwork you will have to send. Make sure that there's a deadline on the quote, so the builder of your manufactured home gets the money on the right date. After that, everything goes automatically.

About the Author:

John writes articles about loans and financial matters. He also writes articles in Dutch about hypotheek and maximale hypotheek berekenen.