Capital Home Mortgage Mobile

Mobile Manufactured Home Loans

Manufactured home Lender Mobile

Manufactured Home Loans Mobile

A manufactured home is a residential structure created off-site in a factory setting, then transported to its permanent location and placed on a foundation. A manufactured home is a factory-made home constructed after June 15, 1976, according to a more technical definition. On that date, the United States Department of Housing and Urban Development (HUD) established the federal regulations governing the construction of mobile homes.

Manufactured, Mobile, and Modular Homes

Before 1976, mobile homes were mass-produced in response to the desire for inexpensive, movable housing, but building criteria were not regulated. Beginning in the early 1900s, people needed to relocate to wherever work was available to support their families, and thus the mobile house was born.

The design of these earliest mobile homes resembled that of a modern camper or trailer, with an exposed trailer coupler and wheels that made the house easily moveable. Typically, the residence was constructed on steel I-beams that ran end-to-end and could be installed on concrete blocks, wooden blocks, metal supports, or a concrete foundation at the chosen site.

Although the term “mobile home” is still popular outside the federal government, HUD guidelines have classified all mobile, factory-built housing types as manufactured. The department details the energy, wind, and snow requirements for this type of dwelling.

Modular homes are made in sections, then moved to the building site and put together. Even though parts of the house were made ahead of time, the components, or modules, are put together during construction just like in a regular house.

Modular homes, like manufactured homes, are produced in a factory and then moved to the home site. The primary distinction between manufactured and modular homes is that manufactured homes are constructed per the national HUD code. In contrast, modular homes are built following all applicable state and local building requirements.

Financing A Mobile Alabama Manufactured Home

Financing the construction of a mobile house might be challenging, but a construction loan could ease your financial burden. Once construction and inspections are complete, a construction-to-permanent loan will convert into a mortgage loan. The conventional credit score and down payment for construction loans are 620 and 20%, respectively.

HUD Title I loan may be utilized for purchasing or refinancing a manufactured home, a developed lot on which to place a manufactured home or both. The home must serve as the borrower’s primary residence.

For Title I loans, the person taking out the loan doesn’t have to buy or own the land where their manufactured home will be put. Instead, borrowers can rent a lot, like a site lot in a mobile home park or manufactured home community. When the land or lot is leased, HUD requires the lessor to give the manufactured homeowner an initial lease term of 3 years. Also, the lease must say that if the lease is going to end, the homeowner will get written notice at least 180 days before the end. These lease terms are meant to protect homeowners in case the landowners sell the land or close the park.

Apply For A Mobile Manufactured Home Loan

Purchasing a manufactured home is a safe and reasonable path to homeownership for those on the lower end of the pricing spectrum.

Contact one of our loan specialists at Capital Home Mortgage Mobile immediately at (205) 352-1030 if you believe a manufactured home loan may be your best option. You can rely on our mortgage specialists to provide trustworthy, sincere advice regarding any aspect of mortgages. 

Why Mobile HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates and Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Mobile Alabama Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Mobile Manufactured Home Loans

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans
Mobile Mortgage Programs

Mobile Home Purchase loans

Looking to Purchase a Mobile Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Mobile Renovation Home Loans

Looking to Rehab a Mobile Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Mobile FHA Home loans

Great 1st Time Mobile Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Mobile va Home Loans

100% Financing for Mobile Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Mobile Conventional Home loans

Flexibility for Mobile Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Mobile Jumbo Home Loans

Mobile Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Mobile USDA Home loans

100% Rural Mobile Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Mobile Native american Home Loans

Mobile Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Mobile Manufactured Home loans

Great Alternative Mobile Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Mobile Reverse Mortgage Loans

Your Mobile Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Mobile Non QM Home loans

Making Mobile Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Mobile One Time Close Home Loans

Build Your Mobile Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Mobile Refinance Mortgage loans

Mobile Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Mobile Cashout Mortgage Loans

Mobile Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Mobile Alabama Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

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