Capital Home Mortgage Corpus Christi
Corpus Christi Manufactured Home Loans
Corpus Christi Manufactured Home Lender
Corpus Christi Manufactured Home Loans
The price tags for homes are high, and the costs of building your dream home can quickly add up. There’s a cheaper alternative, manufactured homes that are installed on a lot.
Because they’re prefabricated units, manufactured homes are generally less expensive than buying a traditional house or constructing one from scratch. However, you might still need a loan to finance a manufactured home with an average sale price of $128,000 (as of February 2022). We can help.
If you’re eyeing a manufactured home in Corpus Christi, Capital Home Mortgage can assist you in getting a manufactured home loan. Speak directly to our loan officers in Corpus Christi to start your application, or read further to know more about this type of loan.
One-time Close Construction Loan
There are several types of manufactured home loans. You can use the One-Time Close loan to buy a manufactured home and the lot where it stands. An OTC loan is cost-effective because it covers two purchases in one loan. If you go through the traditional process, you’d have to apply for two loans: one for the manufactured home and another for the lot.
That process is expensive and time-consuming. However, if you already own a lot and the county where you live allows the construction of manufactured homes, you can only get a loan for the manufactured home. But, we highly recommend the OTC loan if you don’t have the manufactured home and the lot.
Why Get a Manufactured Home Loan?
A manufactured home is an affordable option for low-income earners in the US. Financing it through a manufactured home loan can make it easier for Americans to buy homes with affordable monthly amortization payments. Here are some of the benefits of OTC for manufactured home loans:
- More accessible application: Lenders consider your credit history and existing obligations when applying for a loan. Existing debt can negatively impact your application because lenders hesitate to give out a loan. With an OTC, you can get one loan for two purposes. Hence, you only need to go through the application process and submit the requirements once.
- Cheaper monthly payments: The interest payment of two separate loans can be heavy and expensive. OTC loans lock your interest rates to a single rate because you don’t need to apply for two loans. You can save more money on monthly payments.
- One-time underwriting and closing: Lenders perform loan underwriting to assess your ability and capacity to pay underwriting is an essential step in the loan application process. Borrowers usually shoulder underwriting costs. Underwriters ask for more documents during underwriting, and it would be inconvenient to review this process twice.
Get a Manufactured Loan in Corpus Christi Today
Capital Home Mortgage strives to give clients the best mortgage products. Discover manufactured home loan products in Corpus Christi with us today. Call us at (361) 724-3166 to speak with our mortgage specialists.
Why Corpus Christi 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
Corpus Christi 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
Corpus Christi Manufactured Home Loans
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 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
