Capital Home Mortgage Abilene

Abilene Manufactured Home Loans

Abilene Manufactured home Lender

Abilene Manufactured Home Loans

With housing prices skyrocketing, more and more people are choosing to rent rather than buy a home. But what if you purchase a manufactured home instead of paying hundreds or thousands of dollars toward a house you’ll never own? Manufactured homes are a wise choice for those looking for a brand-new, contemporary home with a reasonable purchase price and mortgage payment.  Capital Home Mortgage can help you secure financing for purchasing a manufactured home in Abilene, TX.

What is a Manufactured Home?

Despite the continued use of the term “mobile home,” single-, double-, and triple-wide factory-built homes are now known as manufactured home. These mobile homes usually offer about 2,000 square feet of living space and can be modified in the same way as any modern home. Prefabricated houses can be either mobile or manufactured, with the former typically resting on a more permanent structure on land owned by the borrower. A mobile home can be relocated after it has been installed, whereas a manufactured home is not designed to be moved. Only prefabricated homes built after June 15, 1976, can qualify for manufactured home financing. Moreover, the companies that produce these homes must have their design approved by a HUD-approved agency to ensure safety and compliance with the law.

Manufactured Home Financing Options

Because manufactured homes are permanently attached to their foundations, many lenders consider them “real property” and have designed mortgage programs for them. You may obtain manufactured home financing through:
  • Banks and Credit Unions
  • USDA-Guaranteed Programs
  • VA Home Loan Program (for eligible veterans and military service members)
  • GSE options for manufactured homes (Fannie Mae and Freddie Mac)
On the other hand, you’ll probably need a “chattel loan” or personal loan to pay for the purchase of a mobile home. 

Manufactured Home Loan Process

Living in a manufactured home is easy to see: they’re inexpensive, can be placed anywhere, and don’t need as much upkeep and maintenance as a single-family home. Some manufactured home loan programs offer One-Time Close Combo Land & Home financing. The thing is, manufactured home loans don’t follow the same process as standard mortgages and can have their unique challenges. If you’re planning to purchase a mobile or manufactured home with a mortgage loan, here’s what you have to do: 

1. Pick a site location

Researching zoning laws and other regulations is vital before buying land or installing a manufactured home on an existing property.

2. Shop for a Manufactured Home

Unless you’re buying a stock model or an already existing manufactured home, you should work with your dealer to personalize your new home.

3. Secure Financing

Check out your manufactured home financing options with the help of a lender, mortgage broker, or manufactured home retailer. If you are considering getting a personal or chattel loan, shopping around and comparing interest rates and loan terms from different lenders is a good idea.

4. Prepare the site for installation

To ensure that the site is prepared for the installation of your home, your retailer will work closely with you. This includes acquiring the necessary permits, resolving issues affecting the home’s structure, and preparing utility hookups.

5. Set delivery date and installation of your home

Once everything is ready, schedule the delivery and installation of your manufactured home. To avoid delays and mishaps on move-in day, ensure you have homeowner’s insurance and meet all other occupancy and maintenance requirements.

Is a Manufactured Home Loan For Me?

Buyers looking at the lower end of the price spectrum can find a safe, affordable path to homeownership by choosing the manufactured home route.  If you think a manufactured home loan might be the right choice for you, speak to one of our loan specialists at Capital Home Mortgage today. You can count on our mortgage experts to give you honest, reliable advice about anything related to mortgages.  We have an excellent track record of assisting homebuyers in securing a manufactured home loan, and we’d love the opportunity to help you too!
Why Abilene 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

Abilene 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
Texas Mortgage Programs

Texas Home Purchase

Thinking of Buying a Texas 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

Texas renovation home loans

Looking to Rehab a Texas 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

Texas FHA Home Loans

Great for 1st Time Texas 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

Texas VA Home Loans

100% Financing for Texas 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

Texas Conventional Home Loans

Flexibility for Texas 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

Texas Jumbo Home Loans

Texas 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

Texas USDA Home Loans

100% Rural Texas 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

Texas Native American Home Loans

Texas 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

Texas Manufactured Home Loans

Great Alternative Texas Housing

Texas reverse mortgages

Your Texas 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

Texas Non QM Home Loans

Making Texas 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

Texas One Time Close mortgages

Build Your Texas 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

Texas Refinance Mortgage Loans

Texas 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

Texas Cash-out Home mortgages

Texas 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

Abilene Texas 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

Abilene Mortgage Company Reviews

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