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Our type of personal property financing, commonly called Chattel Financing, have foreclosure solutions that consist of selling the home at it's current location or moving the home out of the park or its current location. Because of the multiple owners of the land, we would need each shareholder's permission to accomplish this, which is not feasible. There are proposed law changes in NC that may open Co-Op parks to personal property financing in the near future. The majority of our NC customers live in mobile home parks and/ormanufactured home communities, where the land is leased or rented. We also may be able to provide NC manufactured or mobile home finance if the home sits on a relatives land, and once again is considered personal property. North Carolina Co-Op parks are not considered real property and they are not considered personal property or Chattel, the correct term.
JCF is not licensed in North Carolina to finance land or the combination of land and manufactured home. An inspection is always required on every North Carolina mobile home financing loan. The Credit Union finances single and double wide manufactured homes through our 5-year ARM , fixed rate mortgage or through our First Time Homebuyer's Mortgage programs. Manufactured homes must have been manufactured on or after June 15, 1976 to be considered for financing. Nce the mobile home loan is approved, the amount of the down payment determines the interest rate offered.
Starnet Mortgage
Our team and our investor partners specialize and understand the specifics of factory-built home lending and manufactured home loans. North Carolina home sales normally take 2-3 weeks, depending on if an appraisal is required. Your North Carolina loan officer will provide you with a list of items, called stipulations, that we will need you to fax or email to us.
You may also qualify for an North Carolina JCF Lending Group or North Carolina Mobile Home Loan if your home and land are not tied together by deed or title. An example of this would be if you own your land outright, or if your home is on family or friend's land. The North Carolina mobile or manufactured home must have been previously titled and cannot be a brand new home being sold by a North Carolina Dealer.
Manufactured Home Community
The manufacturedor mobile homes that we can finance in North Carolina are considered personal property, not real property and/or real estate. These homes are titled through North Carolina Department of Motor Vehicles, and all escrow and/or closing functions will be handled by us, not a 3rd party escrow company, as in real estate transactions. Was founded in 1994 with the sole purpose of providing mobile & manufactured home loans Nationwide. JCF Specializes in Chattel Mortgages, a term used when referring to a loan on a Mobile or Manufactured Home where the land is not a factor and only the North Carolina Manufactured Home will be financed.
We finance the mobile home, not the land, so we are not concerned about the home being tied to the land by way of foundation. Another aspect of this program is our low rate guarantee, we will match or beat any other lenders written offer on a comparable finance product. Finally, in the event that we are unable to assist an applicant, JCF will do the research to find out who can meet the customer needs. Powerful reasons for both consumers and employees to put their trust in JCF lending Group, an Equal Opportunity Employer and Lender. Once your North Carolina Mobile Home loan is Approved, the amount of the Down payment determines the Interest Rate offered. As an example, a 10 or 20 Percent Down will offer a Better Rate than 5 Percent Down.
Is the mortgage interest rate going to be really high?
Members will not have to repay these funds if they remain in the home for at least five years. A member’s total household income must be less than or equal to 80% of the county area median income or the state median family income for the area in which the home is being purchased, whichever is higher. We work for you & not the bank, and we offer wholesale mortgage rates, which are lower than retail rates. Not to mention, we offer a wide variety of loan options, so you are not stuck with one set of restrictive underwriting guidelines. To qualify for a VA loan for a manufactured home, your home must be on a permanent foundation, meet HUD guidelines and must be purchased with the land underneath it; mobile homes do not qualify. The main difference between manufactured and mobile homes is that manufactured homes abide by the new safety regulations set in place by HUD while mobile homes were built prior to their implementation.
Most of our customers live in mobile home parks, manufactured home communities or rented/family land situations. An appraisal may or may not be required, depending on the NADA book value of the home and the amount you plan to finance. An inspection is always required on every NC mobile home financing loan. An inspection will give the overall condition of the home, and additional options of the mobile home, such as decking, awnings, garages, etc.
We will easily guide you through the loan process, providing you with whatever level of service you require. We offer Fixed Rate financing, No Pre-Payment Penalties, No Application Fees and we are Proud to be one of America's Equal Housing Lenders. NC home sales normally take 2-3 weeks, depending on if an appraisal is required. Keeping the communication channels open with your loan officer can normally always expedite the finance process. Your NC loan officer will provide you with a list of items, called stipulations, that we will need you to fax or email to us.
JCF is here for you, providing the best rate & term North Carolina manufactured home financing available today. Is one of America's low rate North Carolina mobile home lenders and was founded in 1994 with the sole purpose of providing manufactured & North Carolina mobile home loans. JCF Specializes in Chattel Mortgages, a term used when referring to a loan on a Mobile or Manufactured Home where the land is not a factor and only the Manufactured Home will be financed. JCF is here for you, providing the best rate & term manufactured home financing available today. Most lenders will not give you a conventional loan for a mobile or manufactured home because these structures are not considered real property. If you have a manufactured home that meets some very specific criteria, however, conventional mortgage sources Freddie Mac and Fannie Mae do actually offer specialized loans.
Eed North Carolina manufactured home financing - Whether you are considering buying a used mobile home or buying a new manufactured Home, JCF Lending Group will find a mobile home mortgage that's right for you. The type of mobile home loan received depends of several different factors, the year of the mobile home and current value is a strong factor, as is the credit of the applicant and the monthly Income. If you’re interested in manufactured homes, let CIS Moving Home assist you. Whether you need used manufactured home financing or want to purchase land in addition to the home, we have the right solution for that situation, too. Need manufactured home refinancing - By adjusting your current Interest Rate and the number of remaining loan payments, many things can be accomplished. Reduced monthly payments and thousands of dollars of savings are a few of the possible benefits of manufactured home refinancing or that low rate manufactured home loan.
They also offer manufactured home loans called Title I and Title II loans. We are a niche North Carolina manufactured home lender and proud of it. We are a niche North Carolina mobile home lender and proud of it. If there is land or acreage involved in your transaction, we are not the lender for you. JCF is not licensed in NC to finance land or the combination of land and manufactured home. We can only finance the home when it has not been deeded together with land.
We offer the lowest North Carolina mobile home financing loan rates possible, to meet the need of North Carolina homeowners. From city to country, JCF has a great financing program for you. We will easily guide you through the North Carolina manufactured or mobile home financing process, providing you with whatever level of service you require. We offer both fixed and variable rate manufactured & mobile home financing loans, no pre-payment penalties, no application fees and we are proud to be an North Carolina Equal Housing Lender since 1994. Always striving to provide the lowest manufactured and/or mobile home financing rate & fee combination in North Carolina.
Search our wide selection of manufactured home lenders that can assist you with your manufactured home financing needs. Finding a lender that is qualified and experienced in manufactured home financing is important. These lenders specialize and understand the specifics of manufactured home lending & modular home loans.
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