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Amarillo Manufactured Home Loans

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Amarillo Manufactured Home Lender

Amarillo Manufactured Home Loans

Manufactured homes might be right up your alley if you’re searching for a more affordable means of buying your next home in Amarillo. With their prefabricated nature and affordability compared to purchasing an entirely new construction site or constructing one from scratch, there’s no doubt that they offer excellent value.

While manufactured homes are less expensive than building your own house, you might still need financing for the project. That’s where manufactured home loans come in. These loans are designed specifically for people looking to finance a manufactured home and can be used for both new and used homes.

Are you eyeing a manufactured home in Amarillo? Apply for a manufactured home loan with Capital Home Mortgage! We offer maximum financing for these types of purchases.

One-Time Close Construction Loan

When you buy your manufactured home, many different loans can help make it easier on yourself, including a one-time close construction loan. This loan is designed for people looking to finance their new manufactured home’s construction and purchase the land it will be placed on.

With a one-time close construction loan, you only have to go through the application and approval process once, saving you time and money by avoiding the need to take out multiple loans compared to the traditional construction loan process. Plus, you can get single funding and lock in your desired rate for both purchases through an OTC loan.

The OTC loan is typically the best option for those who don’t own property or lots. It will enable you to purchase a manufactured home and place it on your land. In contrast, you can only apply for a loan to finance your manufactured home if you already have land and the county you’re living in allows for manufacturing homes.

Benefits of OTC for Manufactured Homes

A manufactured home is a perfect option for those who want to buy their first house but can’t afford it. Financing through an OTC loan will make the process more manageable, and you’ll have access to some incredible benefits too!

Listed are some of the benefits of a manufactured home with an OTC loan:

  • Save more on cheaper monthly payments: One of the main benefits of an OTC loan is that you’ll have access to more affordable monthly payments since the interest rate will be lower than if you had taken out multiple loans.
  • Access application conveniently: Your existing obligations and credit history are just some factors to consider when applying for an OTC loan. With this type of mortgage’s convenience, you’ll only have to go through the application once instead of multiple times.
  • Get a flexible loan structure: The terms and conditions of your loan will be more flexible with an OTC loan, which is excellent news if you’re worried about not being able to make payments on time.
  • Acquire a one-time underwriting and closing: With an OTC loan, you’ll only have to go through the underwriting and closing process once. Not only will this benefit and save you a lot of time and energy in the long run, but it will also be convenient for lenders.

Get a Manufactured Loan in Amarillo Today

Are you ready to finance your manufactured home? Capital Home Mortgage will assist you in securing the right one-time close construction loan in Amarillo. Our Home Loan Specialists are here to answer your questions. 

Get a manufactured home loan in Amarillo today by contacting us at (806) 589-3428.

Why Amarillo is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Amarillo Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Amarillo Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Amarillo 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

Benefits of an Amarillo Manufactured OTC Home Loan

  • More Affordable than Traditional Builds
  • Combine Land and Home into the Purchase
  • Lock Today’s Rate
    • Remove the risk by Locking the Final Rate ahead of the Completion.
  • Close One Time
    • Reduce costs by closing once and save from having to repeat fees.
Manufactured Home Loan Benefits
  • More Affordable than Traditional Builds
  • Combine Land and Home into the Purchase
  • Lock Today’s Rate
    • Remove the risk by Locking the Final Rate ahead of the Completion.
  • Close One Time
    • Reduce costs by closing once and save from having to repeat fees.
Not Sure? Take a Look at Other Amarillo Mortgage Programs

Amarillo Mortgage Team

Conor Hayhurst

Managing Director
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

Chris Erwin

Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

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