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Home Purchasing a Home Refinance a Home Manufactured Home Dealer Programs

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Purchasing a Manufactured or Modular Home

It is surprising how many options are available for purchasing a Manufactured home. Almost all of our programs have fixed rates, so you know your payment will never change.  We have a variety of programs, some with $0 or very small downpayments.  We never require perfect credit, recent bankruptcies are ok, medical collections rarely need to be paid, old negative credit can often be ignored. 

Speaking to one of our specialists BEFORE you make any offer will increase your chances of getting into your new home with little or possibly NO money down and you paying NO closing costs!  In today’s market it just makes sense to get your loan approval letter before you go shopping.  Being armed with a loan approval letter will enable you to better negotiate the best  possible deal!

 

Purchase Program Highlights:

  • 100% financing for Modular Homes

  • 100% financing for New Manufactured Homes (no construction available)

  • 3.5% down on Manufactured Homes

  • Downpayments from gift funds are OK

  • Seller can pay your closing costs

  • No money out of your pocket loans

  • Rural properties are OK

  • Acreage is OK

  • All loans have no pre-payment penalties

  • Single wide homes over $55k are OK

  • Double wide homes are OK

  • Homes need to be considered real estate and permanently affixed to the foundation.  Ask us about what is considered a permanent foundation, we can be very flexible.

  • 30, 20 and 15 year fixed rates so your payment never changes

We do not do loans on homes in parks where you do not own the land.

Construction Program Highlights:

  • One closing for construction and permanent loan

  • Low downpayments as little as 3%

  • Use your land equity for your downpayment

  • Gifts of land or money are ok for downpayments

  • Roll all costs and interest during construction into the loan

  • Home, land and all improvements can be included in the loan

  • Construction draws pay for each stage of construction as it is completed.
Credit Guideline Highlights:

  • Most medical collections are ok and do not need to be paid.

  • Chapter 13 bankruptcies that are discharged as little as 1 day are OK

  • Chapter 7 bankruptcies older than 24 months are OK

  • Some recent late payments are OK

  • No Credit is OK we can use alternative credit sources (cell phone, electric bill, gas bill, rent, water, insurance ect.)

  • All loans subject to approval
As much as we would like to be able and assist everyone, we currently do not offer any programs for homes located in a park or on leased or rented land. Your home must be on its own parcel of land and permanently affixed to a foundation.  We cannot currently lend on any home that was manufactured prior to July 15th of 1976. Also we do not currently offer any type of rehab loans so make sure the property is not in extreme need of repairs or rehabilitation.
Call us toll-free and speak to a personal loan consultant to help make your dreams of owning your own home a reality.

 1st Continental Mortgage

P.O. Box 377 Rogersville, MO 65742

Toll Free: 877.877.3305