Capital Home Mortgage Announces Manufactured Home Construction Loan Program, One Time Closing Home Loan for Manufactured Homes
Features Low down payment, low interest rate, flexible underwriting, promoting home ownership in a highly competitive market.
Capital Home Mortgage The team powered by Sun West Mortgage has announced that it offers a home loan program designed explicitly for manufactured home buyers that combines the cost of land and housing into one loan. The permanent housing construction loan is used to finance the development of the borrower’s manufactured home and land in a single transaction with a single closing, called a single closing construction loan program.
Available in most states to all qualified buyers, the Capital Home Mortgage team, powered by Sun West Mortgage, offers single-closing (OTP) construction loan programs with down payment options ranging from 0 to 3.5%. It offers 30-year fixed rate financing with interest rates comparable to single-family home financing.
Manufactured homes are built in the manufacturer’s controlled-environment warehouse and use materials like those in site-built homes. They are skillfully constructed which keeps the cost down and makes it affordable for new home buyers. These homes are stylish and come in different floor plans with living spaces similar to conventional homes.
“The Capital Home Mortgage team offers the OTC Manufactured Homes Program because it upholds the organization’s vision to help more people realize the American Dream of homeownership and offers imminent buyers a productive choice to own a home,” he said. “Borrowers can visit any manufactured home builder and find a home that meets their needs and meets program standards.”
Due to the current housing shortage, more and more people are interested in prefabricated houses all over the country. The program is essential when many potential buyers are shut out of the market. The OTC Manufactured Homes program offers buyers a highly qualified mortgage option with a low down payment and low interest rate.
The Capital Home Mortgage team, managed by Sun West Mortgage, has in-house loan processing and underwriting allowing for quick loan approvals and on-time closings. As a full-service mortgage company, they offer a full suite of mortgage products, including FHA home loans for first-time home buyers, VA loans for military personnel, covenant loans, USDA guaranteed real estate, Native American home loans and Reverse Mortgages, to name a few.
About the company:
Capital Home Mortgage, powered by Sun West Mortgage Company, Inc NMLS #3277, a Direct Mortgage Lender, is a full-service home mortgage company. In addition to single closing loans for manufactured construction, CHM also offers mortgage products such as VA Home Loans, Conventional Home Loans, FHA Home Loans, USDA Home Loans, Jumbo Home Loans, and Reverse Mortgages.
Company Name: Capital Home Mortgage, powered by Sun West Mortgage Company, Inc NMLS # 3277
Contact person: Dale Gremillion – General Manager
E-mail: Send an email
Call: (800) 804-5181
Address:6131 Orangethorpe Ave, Ste. 500
Town: Buena Park
State: CA 90620
Country: United States