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:

  1. 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.
  2. 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.
  3. 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 is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Corpus Christi Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Corpus Christi Customer Service

7  Day a Week Support from 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Benefits of a Corpus Christi 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 Corpus Christi Mortgage Programs

Corpus Christi Mortgage Teem

Conor Hayhurst

NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

Corpus Christi Mortgage Company Reviews

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