Capital Home Mortgage El Paso

El Paso Manufactured Home Loans

El Paso Manufactured Home Lender

Manufactured Home Loans In El Paso

A manufactured home is a factory-built prefabricated home constructed after June 15, 1976. Today’s manufactured homes have little similarity to earlier mobile homes. They frequently offer a selection of interior options, like walk-in closets, vaulted ceilings, drywall, fully functional modern kitchens, and bathrooms with recessed bathtubs and whirlpools, ranging from simple to sophisticated designs.

Manufactured Home Financing

Capital Home Mortgage offers competitive interest rates on fixed- and adjustable rate mortgages, which are popular among El Paso buyers of manufactured homes. There are different ways to finance a manufactured home purchase. Ultimately, it is a construction loan that combines the purchase of land and dwelling combo.

  • Conventional Construction Loan

FannieMae and FreddieMac offer prefabricated home loans with risk-based interest rates. Your credit score will be crucial in determining whether you are approved for a loan for a manufactured home. Most of this category’s lenders require a credit score in the 700s and a lengthy credit history.

  • FHA Construction Loan

FHA will finance a manufactured home following HUD’s minimum guidelines. As with any other FHA loan, borrowers must fulfill the minimum credit score, income, and down payment requirements.

  • VA Construction Loan

VA construction loans for manufactured homes are available to service members, veterans, and spouses. With the amended VA standards, obtaining a VA construction loan is much easier than in the past. A minimum credit score of 620 is needed to qualify for a VA loan.

  • USDA Construction Loan

The USDA has made financing easier by delivering construction-to-permanent loans through its Single-Family Housing Guaranteed Loan Program. Instead of two different loans for construction and the home itself, purchasers can use a single loan for the closing.

Apply for a Manufactured Home Loan 

A manufactured home is an inexpensive solution to the current housing crisis. Discuss your questions and concerns regarding prefabricated home financing with our home lending specialists.

Call (915) 283-3949 to start your application for a manufactured home loan in El Paso.

Why El Paso is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great El Paso Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

El Paso Customer Service

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

Benefits of the El Paso Manufactured 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.
Not Sure? Take a Look at Other El Paso Mortgage Programs

El Paso Mortgage Team

Conor Hayhurst

NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

NMLS 210325

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