Capital Home Mortgage Austin

Austin Manufactured Home Loans

Austin Manufactured home Lender

Manufactured Home Loans In Austin

Manufactured houses provide an economical homeownership alternative for certain families, and recent advancements in quality and safety have made them more appealing.

What is a Manufactured Home?

Factory-built dwellings that may be installed on a plot of land are referred to as manufactured housing. Styles range from little trailers to houses that appear to be erected permanently on a site. The technical definition of a manufactured home is any factory-built home built and constructed after June 15, 1976.

Mobile vs. Manufactured Home

The United States Department of Housing and Urban Development (HUD) established the federal regulations governing the construction of mobile homes on June 15, 1976. If you purchase a prefabricated home built before June 15, 1976, you are purchasing a mobile home; however, if you buy a new one or one made after that date, you are purchasing a manufactured home. Manufactured homes today exhibit little resemblance to mobile homes of the past. They often provide a variety of floor plans and interior options, ranging from essential to intricate designs with vaulted ceilings, drywall, fully equipped modern kitchens, comfortable bedrooms with walk-in closets, and bathrooms with recessed bathtubs and whirlpools.

Financing a Manufactured Home Purchase

Capital Home Mortgage provides competitive interest rates on fixed-rate, and adjustable-rate mortgages, which are popular with Austin manufactured home purchasers. If you have more particular financing requirements, one of the following options may be ideal for you:
  • FHA Construction Loan One-Time Close (OTC)

Borrowers can finance the acquisition of a lot, new home construction, and permanent mortgage with one loan and one closing with the FHA One-Time Close Loan. A consolidated closing saves you both time and money. When the loan converts to a permanent mortgage, you pay a single set of closing expenses, and there is no need to re-qualify. The FHA also provides a Title I program. A Title I loan can be used to buy or refinance a manufactured home, a developed property on which a manufactured house can be built, or a manufactured home and lot combination. The home must be the borrower’s primary residence.
  • VA Construction Loan

Many VA borrowers find manufactured homes appealing, but they frequently have drawbacks. They must meet the lender’s minimum property criteria and other guidelines. To be eligible for a 30-year VA loan, manufactured homes must be attached to a permanent foundation and classed as real property, brand new or used. They will also need to meet the VA’s Minimum Property Requirements significantly. Borrowers frequently obtain a construction loan from a builder or a local lender, then refinance that short-term loan into a permanent VA mortgage once the home is completed. This is a frequent route for stick-built prefabricated homes and new manufactured homes.
  • USDA Construction Loan

The USDA has made financing easier by offering construction-to-permanent loans through its Single-Family Housing Guaranteed Loan Program. Buyers can use a single closing loan instead of two separate loans for construction and the home itself. The USDA construction loan OTC combines a construction loan and standard USDA mortgage into a single transaction. Borrowers have only one mortgage closing before construction begins. They only have one promissory note and one set of closing costs. When the building is finished, you’ll be left with a 30-year fixed rate.
  • Conventional Construction Loan

Most manufactured home buyers prefer a construction-to-permanent loan since it covers the construction of your manufactured home and the mortgage that follows. This not only saves time and paperwork, but it also means you just have to pay closing fees once. With a conventional loan, the buyer is only responsible for interest payments on funds released throughout the construction term. All payments are disbursed as needed, with signatures from buyers and dealers on each draw.

Apply for a Manufactured Housing Mortgage

A manufactured home is a low-cost option for dealing with the present housing problem. Please discuss your prefabricated home financing queries and concerns with our home loan specialists. Call us at (512) 237-7400 and get started on your application for a home loan.
Why Austin 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

Austin 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
Austin Mortgage Programs

Austin Home Purchase

Thinking of Buying an Austin 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

Austin renovation home loans

Looking to Rehab an Austin 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

Austin FHA Home Loans

Great for 1st Time Austin 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

Austin VA Home Loans

100% Financing for Austin 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

Austin Conventional Home Loans

Flexibility for Austin 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

Austin Jumbo Home Loans

Austin 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

Austin USDA Home Loans

100% Rural Austin 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

Austin Native American Home Loans

Austin 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

Austin Manufactured Home Loans

Great Alternative Austin Housing

Austin reverse mortgages

Your Austin 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

Austin Non QM Home Loans

Making Austin 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

Austin One Time Close Home Loans

Build Your Austin 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

Austin Refinance Mortgage Loans

Austin 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

Austin Cash-out Home mortgages

Austin 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

Austin Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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