Capital Home Mortgage arizona

Arizona Manufactured Home Loans

Manufactured home Lender Arizona

Manufactured Home Loans Arizona

Manufactured homes are plentiful in Arizona, accounting for 13% of all housing units. A manufactured home in Arizona is a type of prefabricated dwelling mainly produced in factories and then moved to the location of use. It is constructed as a 320-square-foot dwelling unit with a solid chassis to ensure the home’s initial and ongoing transportability. These dwellings are built to survive Arizona’s harsh desert climate and require little long-term care.

The Arizona Department of Housing (ADOH) ensures the safety of all prefabricated homes, factory-built structures, and auxiliary structures in the state. These criteria are intended to enhance Arizona people’s health, safety, and welfare and are consistent with the United States Department of Housing and Urban Development (HUD) standards.

Arizona has unique rules and restrictions concerning manufactured homes’ purchase, installation, and occupancy. Installers who connect these homes to on-site utility terminals, set them on foundation systems, or offer ground anchoring, for example, must get an Arizona Department of Housing license.

Financing Options for Manufactured Homes

There are different types of financing options for manufactured homes in Arizona, and the one you choose may be determined by factors like your eligibility as a borrower, the type and age of the home you’re purchasing, and whether your new home is considered “real property” or “personal property.”

  • Conventional Mortgage

    • Fannie Mae MH Advantage

The Fannie Mae MH Advantage is a mortgage product designed to provide home buyers with affordable financing options for purchasing manufactured homes with comparable features to site-built homes. It was introduced as a solution to the country’s housing shortage, providing a more affordable path to homeownership.

MH Advantage-qualified homes can be single-width or multi-width and are defined as dwellings of at least 400 square feet and at least 12 feet wide, built to the “HUD Code” for manufactured housing, constructed on a permanent chassis, installed on a permanent foundation system, and titled as real estate.

    • Freddie Mac Choice Home Program

The Freddie Mac CHOICEHome program is a low-cost mortgage initiative that provides traditional site-built financing for real-estate factory-built homes, sometimes known as “manufactured,” “prefab,” “modular,” or “accessory dwelling units (ADU).” These homes are built following the June 1976 Manufactured Home Construction and Safety Standards and are supported by a permanent, non-removable steel frame or chassis.

This program was created in response to the present housing supply deficit, making it difficult for many people to find housing. More than 22 million families in the United States live in manufactured housing. Freddie Mac’s CHOICEHome program aims to enhance the availability of excellent affordable manufactured homes while also providing lenders with various financing choices to assist borrowers in financing them.

  • FHA Loans

    • Title I Loans

The FHA Title I manufactured home loan is part of the Federal Housing Administration’s (FHA) Title I program, which insures mortgage loans provided by licensed lenders to finance the purchase of a new or used manufactured home. FHA loans are popular among first-time homeowners because they require a lower down payment (just 3.5% minimum) and have less stringent credit score requirements.

    • Title II Loans

The Federal Housing Administration (FHA) Title II loan for manufactured homes is a mortgage product insured by the FHA that provides financing for homes built in a factory, also known as manufactured or mobile homes. It can cover either the home itself or a suitable lot on which to build it.

FHA Title II loans for manufactured homes have the same credit score, down payment, and debt-to-income ratio requirements as loans for traditional “stick-built” properties. There are, however, specific property requirements associated with the purchase of a manufactured home.

  • VA Loans

Veterans and military personnel can use their VA loan benefits to purchase a manufactured home, generally a more affordable housing alternative. Manufactured or mobile homes are built in a factory to meet the U.S. Department of Housing and Urban Development’s construction requirements. According to state law, the house and property must be deemed real estate and meet all municipal zoning standards.

  • Chattel Mortgage

A manufactured home can be classified as personal or real property, affecting financing opportunities. A conventional mortgage can be used to buy a prefabricated home permanently anchored to a HUD-approved foundation, but a chattel loan is required for a personal property home.

A chattel loan for manufactured homes is a mortgage used to fund the acquisition of moveable personal property, such as a prefabricated home, but not the land on which the property is located. This type of loan is secured by movable property, often known as chattel, which also serves as collateral for the loan.

Apply for Manufactured Home Loan in Arizona

Many lenders avoid manufactured home loans because they are regarded as high-risk. Thankfully, we do not! Capital Home Mortgage provides financing for manufactured homes and a construction-to-permanent option with a single closing. 

Our Home Loan Specialists are always available to answer any questions about our Arizona Manufactured Home Loan options. The number to reach us is (480) 360-6650.

Why Arizona 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

Arizona 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

Arizona 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
Arizona Mortgage Programs

Arizona Home Purchase

Thinking of Buying an Arizona 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, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Arizona renovation home loans

Looking to Rehab an Arizona Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Arizona FHA Home Loans

Great for 1st Time Arizona 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 Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Arizona VA Home Loans

100% Financing for Arizona Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Arizona Conventional Home Loans

Flexibility for Arizona 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
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Arizona Jumbo Home Loans

Arizona Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Arizona USDA Home Loans

100% Arizona Rural 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.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Arizona Native American Home Loans

Arizona 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

Arizona Manufactured Home Loans

Great Alternative Arizona 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
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Arizona reverse mortgages

Your Arizona 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
  • credit scores not applicable
  • Minimum age 62

Arizona Non QM Home Loans

Making Arizona Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Arizona One Time Close mortgages

Build Your Arizona 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 Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Arizona Refinance Mortgage Loans

Arizona 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.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Arizona Cash-out Home mortgages

Arizona 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
  • Vacation or Education

Arizona 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

Arizona Mortgage Company Reviews

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