Capital Home Mortgage San Antonio

San Antonio Manufactured Home Loans

San Antonio Manufactured Home Lender

San Antonio Manufactured Home Loans

The price of brand new homes can be too cost-prohibitive for low-income families and considerably expensive for moderate-income families. Prices also skyrocket due to the low inventory of houses in some areas. 

The good news is there are viable alternatives to brand-new homes. These are called manufactured homes. A manufactured home is a cost-efficient alternative if your income can’t cover monthly payments for a new home.

Capital Home Mortgage offers manufactured home loans to provide accessible financing options to Americans with low income. Let’s talk about some of the salient features of a manufactured home loan in San Antonio.

One-time Close Construction Loan

What we recommend at Capital Home Mortgage is a one-time close (OTC) construction loan. It combines the cost to buy the manufactured home and the cost of the in one loan. An OTC loan is convenient because you also own the land where you want the manufactured home constructed. 

Benefits of OTC for Manufactured Home Loans

As lenders, we think that an OTC loan is better for borrowers. It extends more savings and reduces the hassles of application. Here are the benefits of an OTC construction loan.

     1) Get one loan for two purchases

Traditionally, you must get two separate loans for the house and the lot. That only means that you have to go through the loan application process and pay for application fees twice. With an OTC construction loan, you’re just applying for one loan, but the loan proceeds can be used for two purposes.

     2) Single closing costs

Closing costs will always be an issue. Regardless of the amount, closing costs are unavoidable. OTC loans save you money because you don’t have to pay closing costs twice if you get two different loans. Since most lenders don’t allow closing costs to be refinanced through the loan, paying closing costs once in an OTC loan is a benefit.

     3) Single interest rate and one monthly amortization to worry about

Since you’re paying only one loan, you only have one monthly amortization. The interest rate is fixed for the chosen term. It’s easier to budget with an OTC loan. You’re paying double-digit monthly interest if you have two separate loans. It’s harder to allocate funds if monthly amortization consumes most of your monthly earnings.

Apply for a San Antonio Manufactured Home Loan

A manufactured home loan is a cost-effective housing solution for low-income families. Capital Home Mortgage offers manufactured home loans in San Antonio at competitive interest rates and low fees. Talk to our mortgage loan officers to learn more about this mortgage product and how it can help you get the home of your dreams.

Why San Antonio is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great San Antonio Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

San Antonio Customer Service

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

San Antonio 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 San Antonio 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 San Antonio Mortgage Programs

San Antonio Mortgage Team

Conor Hayhurst

Manager
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

Manager
NMLS 210325

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