Capital Home Mortgage Announces Nationwide One-Time Close Manufactured Home Construction Loan Program
Features Low Down Payment, Low-Interest Rate, Flexible Underwriting, Promoting Home Ownership in A Highly Competitive Market.
Source: Advisor News – Capital Home Mortgage team powered by Sun West Mortgage announced it’s offering a home loan program designed explicitly for manufactured home buyers that combines the cost of the land and dwelling into one loan. The construction-to-permanent home loan is used to finance the development of the borrower’s manufactured home and land in one single transaction with just one closing, called the One-Time Close Construction Loan Program.
Available in most states to all qualified home buyers, Capital Home Mortgage offers construction loan one-time close (OTP) programs with down payment options ranging from 0-3.5% down. It provides 30-year fixed-rate financing with interest rates comparable to single-family home financings.
Manufactured homes are built in the manufacturer’s controlled environment and use materials like those of site-constructed homes. They are constructed carefully, which brings down the cost and makes it affordable for new home buyers. These homes are stylish and come in different floor plans with similar living areas as conventional site-built homes.
“Capital Home Mortgage team offers the OTC Manufactured Home Program since it upholds the organization’s vision of assisting more individuals with accomplishing the American dream of homeownership and provides imminent home purchasers a productive choice to own a home,” he said. Borrowers can visit any manufactured home retailer and find a home that suits their needs and meets the program’s standards.”
Due to the current housing shortage, more people are interested in manufactured housing throughout the country. The program is critical when many prospective buyers are priced out of the market. The manufactured home OTC program gives buyers a high-quality mortgage option with a low down payment and low-interest rate.
Capital Home Mortgage team powered by Sun West Mortgage has in-house loan processing and underwriting allowing quick loan approval and on-time closings. As a full-service mortgage company, they offer a full-line of mortgage products, including FHA home loans for first-time home buyers. VA loans to military personnel, Conventional- conforming loans, USDA guaranteed home loans, Native American home loans, and Reverse home mortgages, to name a few.
About The Company:
Company Name: Capital Home Mortgage, powered by Sun West Mortgae Company, Inc NMLS#3277
Contact Person: Dale Gremillion – Managing Director
Email: Send Email
Phone: (800) 804-5181
Address: 6131 Orangethorpe Ave.,Ste. 500
City: Buena Park
State: Ca 90620
Country: United States