Mobile Home Financing - Used Mobile Home Financing by JCF


		As Low As: 6.49%*

MANUFACTURED & MOBILE HOME FINANCING PROGRAM

JCF Lending Group offers Used Mobile Home Financing. We are a home only lender, providing mobile home financing for homes not attached to real property by way of deed or title. We do not finance mobile homes and land, just the mobile 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

Mobile Home Financing by JCF Lending Group!

HOME QUALIFICATIONS

Home Can Not Need Major Repairs or Need Deferred Maintence.

Home Must Exceed 600 Square Feet and Minimum 12 Feet Wide.

Must be Primary Residence or Vacation Home, No Rentals Allowed.

Home Must be On Existing Lot and Have Skirting with Utilities Intact.

Located on Rented/Owned Land that is Not Tied to the Home by Deed.

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

Must be 1977 or Newer. (Nationwide - Double or Triple Wide).

Must be 1993 or Newer. (Nationwide - Single wides Only)

Minimum Loan Amount $20,000.00. Maximum Loan Amount $500,000.00.

CUSTOMER QUALIFICATIONS

Must Be Legal U.S. Resident, with Verifiable Documentation.

Must Have 5 Year Credit History, with a Previous Car Loan

Must Have Good to Excellent Credit. No Poor or Fair Credit.

Two Year Work History, Unless Retired. Must be Verifiable.

Cannot Be In Credit or Debt Counseling. Must be Completed.

No Bankruptcy or Foreclosure Within 4 Years of Discharge Date.

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

Minimum Down Payment is 5% of Selling Price, Depending on Year.

No borrowed Down Payments. Source must be Seasoned Funds.

COMMON QUESTIONS

Q: Does JCF offer 100% Mobile Home Financing?
A: No. All customers must have a minimum of 5% down of the selling price. Best rates available with 20% down.

Q: Does JCF Accept Co-Signers on Their Loans?
A; No. All persons applying must live in the home. Exceptions made for vacation homes on a case by case basis.

Q: Do I Have to Have a Realtor to Use JCF?
A: No. JCF will work directly with buyers and sellers. We provide all of the closing documentation necesssary.

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

Q: I Would Like to Help My Family Member Buy a Mobile Home. Can JCF Help?
A: No. We do not finance homes bought for others, try 21st Mortgage or Vanderbilt Mortgage..

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

Q: Are JCF's Mobile Home Loans Assumable?
A: No, our loans are not assumable.

Q: Are there any Pre-Payment Penalty Fees on Your Mobile Home 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 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 a Mobile Home Loan?
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: 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 Mortgage?
A: No. They are friendly competitors, there is no relationship present.

Q: Do Your Mobile Home Loans Require an Appraisal or Inspection?
A: Yes, an inspection is always required. In some cases, an appraisal will be required.

Q: Do You Have Your Own Appraisers / Inspectors for your Mobile Home Mortgages?
A: Yes, we prefer that our customers use Data Comp Appraisal Services in all states except California. In California, we prefer Golden State Appraisals, a Division of MH Values.

Q: Your Mobile Home Loan 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.