Capital Home Mortgage Montgomery

Montgomery Manufactured Home Loans

Manufactured home Lender Montgomery Alabama

Manufactured Homes in Montgomery Alabama

Thinking of purchasing a manufactured home in Montgomery Alabama?  Capital Home Mortgage Montgomery can help!  Manufactured homes offer advantages over traditional housing but have significant differences that need to be understood to make the best decision.  The first step is to understand the different types of manufactured housing available and what type of financing is available for each type.  Once you decide on what type of manufactured home meets your needs, then your have to decide if an existing manufactured home or a new build is the better option.  An existing manufactured home is typically move in ready, so no waiting, not to mention everything is done so the cost of acquisition could be less.  A new build on the other hand allows you to make the decisions on style, type, location, but does require time and setup which can add cost.  Either way, Capital Home Mortgage Montgomery has the knowledge to walk you through the process.  Contact one of our Montgomery loan officers today to get started at (334) 229-9782.

Montgomery Alabama Manufactured Homes Explained

Montgomery MOBILE Home Loans

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 established June 15, 1976 have classified all mobile, factory-built housing types as manufactured.  The department details the energy, wind, and snow requirements for this type of dwelling. Financing for true Mobile Homes is problematic due to their age and no construction guidelines.  In most cases cash is the only option for these purchases.

Montgomery Manufactured Home Loans

A Manufactured Home is a residential structure built off-site in a factory setting, then transported to its permanent location and placed on a foundation.  Modern manufactured houses can be quite sophisticated in design and can offer amenities similar to site-built homes.  They can be single-wide, double-wide, or even larger, and they’re constructed using materials and techniques that meet stringent quality standards.  Manufactured Homes are built on steel chassis which offer a quicker construction and cost advantages.  A wide variety of Financing is offered for Manufactured Homes, but the individual options depend on the home itself as well as the placement.  If you are looking to purchase and place the home in mobile home park then a home only chattel loan is the loan required unless the park also conveys the land at which time you can look at other options.

Montgomery Modular Home Loans

Modular Homes are a type of prefabricated construction where sections of the house, known as modules, are built  off-site in. a factory and then moved to the building site and assembled. Even though the modulars of the house were made ahead of time, the components, or modules, are put together during construction just like in a regular house.  In fact the primary distinction between manufactured and modular homes is that modular homes are built following all applicable state and local building requirements, while manufactured homes are constructed per the national HUD code.  Advantages of modular homes are: cost effectiveness, speed of construction, quality control, and customization. Financing for Modular Homes has the same options as manufactured homes with the exception of Chattel home only for park financing, as Modular Homes are not designed to be moved once completed and assembled.

Montgomery Barndominium Home Loans

Barndominium homes are a unique housing concept that combines elements of barns or agricultural buildings with those of a traditional home.  These structures often feature metal or steel frames, offering durability and a distinctive appearance.  Barndominiums typically incorporate open floor plans, high ceilings, and expansive spaces that allow for versatile interior designs.  They’ve gained popularity for their customizable nature, cost-effectiveness, and the ability to blend rustic aesthetics with modern living comforts.  Many homeowners find them appealing due to their potential for customization and often more affordable construction costs compared to conventional homes.  Would you like more specific information or details about barndominiums? Barndominium Financing follows traditional mortgage lending, but the loan must be supported by comparables for the local area.

Montgomery Manufactured Home Loan Financing

Manufactured Home Financing is separated into two categories:  Real Property and Chattel.  It’s important to understand the difference in real property verse chattel as this has an impact on the type of financing available and the resale ability of the home in the future.  Real property is when the home is titled and encumbered with the land.  This type of loan is eligible for all government financing and is a traditional mortgage with lower rates and lowers down payments.  Chattel means that the home is not considered real estate and is not tied to the land in any capacity.  This type of loan typically has a larger down payment, shorter terms and higher rates.  The other factors that determine what type of loan is required is the borrowers credit score, debt to income and down payment.

Montgomery Manufactured Home Loans

Montgomery Alabama Mortgage Rates

Why Montgomery HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

Montgomery Mortgage Programs

Montgomery Home Purchase loans

Looking to Purchase a Montgomery 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

Montgomery Renovation Home Loans

Looking to Rehab a Montgomery 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

Montgomery FHA Home loans

Great 1st Time Montgomery 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

Montgomery va Home Loans

100% Financing for Montgomery 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

Montgomery Conventional Home loans

Flexibility for Montgomery 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
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Terms
  • Renovation Programs Available

Montgomery Jumbo Home Loans

Montgomery 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

Montgomery USDA Home loans

100% Rural Montgomery 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

Montgomery Native american Home Loans

Montgomery 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

Montgomery Manufactured Home loans

Great Alternative Montgomery 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

Montgomery Reverse Mortgage Loans

Your Montgomery 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

Montgomery Non QM Home loans

Making Montgomery 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
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Montgomery One Time Close Home Loans

Build Your Montgomery 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

Montgomery Refinance Mortgage loans

Montgomery 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

Montgomery Cashout Mortgage Loans

Montgomery 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

Montgomery Alabama Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Amanda Ravallo

Sr Loan Officer
NMLS #1702894

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