Manufactured Home Refinancing - Mobile Home refinancing by JCF Lending Group


		As Low As: 6.49%*

MOBILE & MANUFACTURED HOME REFINANCING PROGRAM

JCF Lending Group offers Mobile & Manufactured Home Refinancing, for both Straight Refinance and Cash Out / Consolidation of Debt. We are a home only lender, providing manufactured home refinancing for homes not attached to real property by way of deed or title. We do not refinance mobile homes and land, just the manufactured home. The majority of our customers live in mobile home parks or in leased lot communities. Below we have outlined our basic requirements and guidelines to better assist you. Meeting the below requirements does not guarantee approval. Contact customer service for more information

HOME QUALIFICATIONS

Manufactured Home Can Not Be In Need of Major Repairs.

Manufactured Home Must Exceed 600 Square Feet. No Park Models.

Manufactured Home Must Be On Existing Lot and Have Skirting.

Manufactured Home Must be Primary Residence or Vacation Home.

Manufactured Home Must Be Located on Rented, Leased or Family Land.

Home Must be 1970 or Newer. (California - Double or Triple Wide Only)

Home Must be 1993 or Newer. (Nationwide - Single, Double or Triple Wide)

Our Minimum Loan Amount $20,000.00, Max. Loan Amount $500,000.00.

CUSTOMER QUALIFICATIONS

All Applicants Must Be a Legal United States Resident.

All Applicants Must Have a 5 Year Credit History.

All Applicants Must Have Good to Excellent Credit.

A Two Year Work History is Required, Unless Retired.

All Applicants Cannot Be In Credit or Debt Counseling.

Credit Report Cannot Show Bankruptcy or Foreclosure Within 4 Years.

Income Must be Verifiable. (No Stated Income Programs are Available)

COMMON QUESTIONS

Q: Does JCF offer 100% Manufactured Home Refinancing?
A: No. Our maximum on straight term and refinance is 95%, cash back and consolidation is a maximum of 80%.

Q: I Have a Clear Title to My Manufactured Home, Can I get cash Out?
A: Yes, as long as you have good credit and the equity to support the amount requested. This program is available in parks or communities only.

Q: My Debt to Bill Ratio is Very High, will JCF Consider the Accounts I am Paying Off?
A: Yes, your debt to bill ratio will be considered if the accounts in question are paid off with the refinance.

Q: Does JCF Accept Co-Signers When Refinancing a Mobile Home?
A; No, all applicants must live in the home. Exceptions made for vacation homeson a case by case basis.

Q: Do I Have to Use a Mortgage Broker to Use JCF?
A: No. JCF will work directly with consumers directly wishing to refinance their manufactured homes.

Q: Is 3rd Party Escrow mandatory on Chattel Mobile Home Refinancing?
A: No, with the exception of California, where escrow is mandatory.

Q: I Would Like to Help My Family Member Refinance Their Mobile Home, Can JCF Help?
A: NO. We do have a co-signer program. You must live in the home to be on the loan.

Q: How Long Does It Take to Be Approved for Manufactured Home refinancing?
A: By Phone in as Little as 15 minutes, online applications take 12 – 24 hours.

Q: Are JCF Lending Groups Mobile Home Refinance Loans Assumable?
A: No, our refinance loans are not assumable.

Q: Are there any Pre-Payment Penalty Fees on Your Mobile Home Refinance Loans?
A: No, although closing costs and escrow fees are non-refundable. Our loans carrry no prepayment penalties.

Q: What Terms do Your Mobile Home Refinancing Loans Run?
A: This depends on the loan balance, our terms run between 7 – 25 years.

Q: How Long is the Complete Process to Get Manufactured Home Refinancing?
A; From application to funding, normally occurs within 2 weeks, depending on the State.

Q: I See that You Must Have Good Credit, What if My Credit is Bad or Poor?
A: Yes, JCF only offers mobile home loans to consumers with good credit. For poor credit, you may wish to try 21st Mortgage or Vanderbilt Mortgage..

Q: Is JCF Affiliated with 21st Mortgage or Vanderbilt?
A: No. They are friendly competitors, there is no relationship present.

Q: Can JCF Refinance a Vanderbilt Mortgage Mobile Home Loan?
A: Yes. As noted above we are competitors.

Q: Does Manufactured Home Refinancing Require an Appraisal or Inspection?
A: YES, an inspection is always required. In some cases, an appraisal will be also required.

Q: Do You Have Your Own Appraisers / Inspectors for Manufactured Home Refinancing?
A: Yes, we prefer that our customers use Data Comp Appraisal Services in all states except California. In California, we prefer Golden State Appraisals.

Q: Your Mobile Home Refinance Rates Seem Very Low. Why?
A: We can keep our rates low because we only lend to consumers with good credit.

If your questions have not been answered, please contact us.