Capital Home Mortgage Montana

Montana Manufactured Home Loans

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Montana Manufactured Home lender

Thinking of purchasing a Montana manufactured home?  Capital Home Mortgage Montana is a premier manufactured home lender in Montana with a dedicated team to help you with Montana manufactured home loans!  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.  Each type of manufactured home is explained below, as well as, the difference of a Montana Mobile Home.  Whether you are looking at traditional Montana Traditional Manufactured Home Financing or Montana Chattel Manufactured Financing we can make it happen.

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 Montana has the knowledge to walk you through the process.  Call today (406) 219-0058 to speak with one of our Montana Manufactured Home Loan Specialist.

Montana Manufactured Home Mortgage Loans

 Manufactured housing in Montana, like in many other states, plays a significant role in providing affordable housing options for residents.  The Montana Department of Labor and Industry oversees manufactured home regulations in Montana.  The Department of Housing and Urban Development (HUD) establishes federal guidelines that the state adheres to while building, designing, and installing manufactured houses.

Many individuals, particularly those with lower incomes or those living in rural locations where traditional housing may be limited, find manufactured homes to be an appealing alternative to site-built homes because they are frequently less expensive.  

Montana has a large number of rural areas where it can be difficult to find reasonably priced housing. A solution is offered by manufactured homes, which offer housing options that are easier to place in these locations than traditional residences.

Manufactured home communities, which provide residents with an inexpensive option for homeownership with shared amenities and services, are prevalent in Montana. Throughout the state, these settlements can be found in both rural and urban settings.

Manufactured home designs and quality have greatly advanced throughout time. Buyers find modern manufactured houses more enticing because they frequently have customized floor designs, sturdy construction, and energy-efficient appliances.

In Montana, there are various financing choices for prefabricated homes, including loans created especially for this type of property. To locate the finest financing solution for their circumstances, purchasers must, however, search about and compare rates.

Montana has a resale market for manufactured homes as well. Similar to conventional residences, the resale value of manufactured homes is influenced by elements like location, condition, and market trends.

A lot of the time, people who own manufactured homes are also the owners of the land that houses them. In certain cases, though, those who live in prefabricated home communities lease the land.

In order to maintain comfort and energy efficiency all year round, manufactured houses in Montana must be properly insulated and weatherproofed due to the state’s harsh winters and scorching summers.

In general, manufactured housing plays a significant role in Montana’s housing market by offering citizens of the state high-quality, reasonably priced options for living, especially in rural areas where traditional housing may be harder to come by.

Montana Manufactured Homes Explained
Montana mobile 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 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.

Montana Manufactured Homes today

Montana Manufactured Home

Montana Modular Home

Montana Barndominium Home

Montana Manufactured Home

Montana 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.

Montana Modular Home

Montana 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.

Montana Barndominium Home

Montana 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.

Montana Existing Manufactured Home Loans

  • Purchase in a Planned Community
  • Purchase on Land / Acreage
  • Real Property or Chattel Ok
  • Variety of  Loan Programs to Choose From

Montana OTC Manufactured Home Loans

  • Purchase the Home and Land Together
  • Include the Utilities and Home Setup
  • Lock Rate at Contract
  • Variety of Loan Programs to Choose From

Montana Manufactured Home 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.

Montana Chattel Manufactured Home Financing

Montana True Home Only

Montana Land in Lieu

Montana Land Home

Montana Home Only

Montana Home Only Manufactured home Loans

This loan is for purchasing or refinancing a home only and can be used for a manufactured home.  The minimum credit score for the is loan is 550 with a minimum down payment of 20% of borrowers own funds.  The lowest down payment is 5% of borrowers own funds with a minimum credit score of 575.  The maximum loan term is 25 years.

Montana Land in Lieu

Montana Land in Lieu Manufactured Home Loans

This loan is for purchasing or refinancing a home on land that is owned free and clear.  It can be used for a manufactured or modular home.  The minimum credit score for the is loan is 550 with 20% down payment being land equity.  The equity required is only 10% with a 600 plus score.  The loan term is either 20, 25 or 30 years.

Montana Land Home

Montana Land Home Manufactured home loans

This loan is for purchasing or refinancing a home being on land that has a current lien or in combination with purchasing the land.  It can be used for both a manufactured and modular homes.  The minimum credit score for the is loan is 550 with the 20% down payment being either land equity or borrowers own funds.  The minimum down payment is 5% with a 575 or higher credit score.  The loan term is either 20, 25 or 30 years.

Montana TRaditional Manufactured Home Financing

Montana
FHA Home loans

Montana
VA Home Loans

Montana
USDA Home Loans

Montana
HUD 184 Home Loans

Montana
Conventional Loans

Montana fha Home loans

Montana Manufactured FHA Home Loans

This is a HUD loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  The minimum down payment is 3.5% with a 580 plus credit score, 10% down payment with a credit score 500-579.  The one time close construction (OTC) requires a minimum credit score of 620.

Montana va home loans

Montana Manufactured VA Home Loans

This is a Veterans Administration backed loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  This loan is 100% loan with no minimum down payment and a minimum credit score of 580.  The one time close construction (OTC) requires a minimum credit score of 620.

Montana usda Home loans

Montana Manufactured USDA Home Loans

This is a Department of Agriculture backed loan and can be used for purchasing of an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  This loan is 100% loan with no minimum down payment and a minimum credit score of 640. This loan is subject to income limits and geographical location.  Manufactured homes must be new.

Montana native american Home loans

Montana Manufactured Native American Home Loans

This is also a HUD loan and can be used for purchasing or refinancing an existing home or as a one time close construction loan for purchase a new home with existing or new land.   This loan requires the home to be real property and a has a maximum term of  30 years.  The minimum down payment is 2.25% and does not have a minimum credit score requirement, but does require one of the borrower to a registered Native American with a nationally recognized tribe.  The one time close construction (OTC) requires a minimum credit score of 620.

Montana Conventional Home Loans

Montana Manufactured Conventional Home Loans

This is Fannie Mae / Freddie Mac backed loan and can be used for purchasing or refinancing an existing home . The minimum down payment is typically 5% and the credit score for an existing home is 620.  For the OTC the loan requires the home to be real property and a has a maximum term of  30 years.  The minimum down payment is 5% and has a minimum credit score requirement of 700.

Why Montana 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 Mortgage Payment

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

Montana Mortgage Company Reviews

Montana Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325
Montana Home Mortgage Programs

Montana Home Purchase loans

Looking to Purchase a Montana 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

Montana Renovation Home Loans

Looking to Rehab a Montana 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

Montana FHA Home loans

Great 1st Time Montana 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

Montana va Home Loans

100% Financing for Montana 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

Montana Conventional Home loans

Flexibility for Montana 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

Montana Jumbo Home Loans

Montana Non-Conforming 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

Montana USDA Home loans

Montana 100% Rural 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

Montana Native american Home Loans

Montana 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

Montana Manufactured Home loans

Great Montana Alternative 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

Montana Reverse Mortgage Loans

Your Montana 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

Montana Non QM Home loans

Making Montana 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

Montana One Time Close Home Loans

Build Your Montana 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

Montana Refinance Mortgage loans

Montana 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

Montana Cashout Mortgage Loans

Montana 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

Montana Cities

Billings Home Loans

Missoula Home Loans

GReat falls Home Loans

bozeman Home Loans

Helena Home Loans

Kalispell Home Loans

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