MICHIGAN MOBILE HOME LENDER OFFERING MOBILE HOME LOANS
JCF Lending Group is a Michigan mobile home lender and was founded in 1994 with the sole purpose of providing manufactured & mobile home loans across the State of Michigan. JCF Specializes in Chattel Mortgages, a term used when referring to a loan on a Mobile or Manufactured Home where the land is not a factor and only the Mobile Home will be financed. JCF is a home only Michigan lender and proud of it. JCF is here for you, providing the best rate & term mobile home financing available today.
The majorityof our customers live in Michigan mobile home parks or in leased lot communities. You may also qualify for a Michigan JCF Lending Group mobile home loan if your home and land are not tied together by deed or title. We also may be able to provide Michigan manufactured home finance if the home sits on a relatives land.
We are able to offer the lowest Michigan lender direct mobile home loan rates possible along with a Variety of Mobile Home Loan Programs to meet the needs of Michigan mobile home owners. We will easily guide you through the loan process, providing you with whatever level of service you require. We offer Fixed Rate financing, No Pre-Payment Penalties, No Application Fees and we are Proud to be an Michigan Equal Housing Lender.
We will provide the quickest Approval possible, sometimes within 15 minutes and let you know exactly the manufactured or mobile home loan we can offer. Then it's up to you to make the decision. We are open from 7:00 AM - 7:00 PM PST, Monday thru Friday, and on Saturdays 8:00 AM - 3:00 PM PST. We also have "Live Help" operators standing by 24/7, helping both existing and new customers get the answers to the questions they may have, all in real time. No waiting on email.
MICHIGAN MOBILE HOME FINANCING
Need mobile home financing - Whether you are considering buying a used mobile home or buying a new manufactured Home, JCF Lending Group will find a mobile home mortgage that's right for you. The type of mobile home loan received depends of several different factors, the year of the mobile home and current value is a strong factor, as is the credit of the applicant and the monthly Income.
Once the mobile home loan is approved, the amount of the down payment determines the interest rate offered. As an example, a 10 or 20 percent down will offer a better rate than 5 Percent Down. Our terms vary from 7 years to 25 years, depending on the program you choose. The best manufactured home financing rate can be obtained in most cases at a 15 year term .
MICHIGAN MOBILE HOME REFINANCING
Need manufactured home refinancing - By adjusting your current Interest Rate and the number of remaining loan payments, many things can be accomplished. Savings can be great and long term savings even better. Reduced monthly payments and thousands of dollars of savings are a few of the possible benefits of mobile home refinancing or that low rate manufactured home loan.
If the manufactured home is in good condition and there is a sufficient amount of equity in your home, additional options such as an equity cash-out and debt consolidation manufactured home mortgage can be an option. Our Staff will quickly ascertain whether manufactured home refinancing will be beneficial. Our goal is to make sure each and every customer is offered the right mobile home finance option.
FREQUENTLY ASKED QUESTIONS
Q: Do you finance both mobile homes & manufactured homes?
A: Yes. JCF offers financing for both mobile homes and manufactured homes. We should point out that the majority of people refer to manufactured homes as mobile homes, as do many industry professionals. To be clear, mobile homes were built from 1970 until July of 1976, after that all homes built are consider manufactured homes. We also hear a lot of people refer to modular homes, when they are actually referring to manufactured homes. In reality modular homes are considered stick built structures and are assembled at the home site, not a factory, as with manufactured homes.
Q: I have less than perfect credit, can JCF help?
A: Not in most cases. JCF lends to consumers with good to excellent credit. As you can see, JCF Lending Group offers the lowest rate manufactured & mobile home loans in the Nation. We can only do this by limiting our risk factor. Most lenders that had lent on poor credit are no longer in business. There are still a few lenders that will consider fair or poor credit.
Q: Can I use a Co-Applicant to qualify with JCF Lending Group?
A: Yes, as long as the Co-Applicant will be residing in the home. We do not allow friends or relatives that will not live in the home to Co-Sign on our mobile home loans. All applicants must live in the home that will be financed. We do however offer a limited "Buy For Program" that may allow a relative to purchase a home for another relative. The home must be in a park or leased lot community and the person that will live in the home must be approved by the park or community prior to the funding of the mobile home loan.
Q: Does JCF offer land & mobile home financing?
A: No. JCF is a mobile home only lender and we are not licensed to finance land or the combination thereof. When the home is tied to the land by way of deed, it becomes real property and/or real estate. JCF is a Chattel Mortgage Lender, our mobile home mortgages are considered personal property loans. It is important to point out that our mortgages still have the same interest write off's as do real property mortgages. See your tax professional for more information.
Q: My manufactured home is in a park and/or on leased land. Can JCF help me?
A: Yes. JCF specializes in this type of mobile home financing. Since 1994, JCF has been offering both mobile home financing and manufactured home refinancing for consumers living in mobile home parks & manufactured home communities where the lot is rented or leased. Again, this type of mortgage is called a Chattel Mortgage. We consider ourselves the number one lender for this type loan.
Q: Can JCF help me finance a brand new manufactured home from a dealer?
A: Yes, as long as the home is currently set up in a park and/or community and the home and dealer meet JCF requirements. If the manufactured home will need to be moved from a dealers lot or will be shipped from the factory, we are not the lender for you. The dealer selling you the manufactured home should be able to provide you with competitive financing.
Q: Does JCF Lending Group offer 100% mobile home financing?
A: No. JCF requires that all customers put at least 5% down on the home they wish to purchase. We do accept gifted down payments, but we require that the person buying the home have at least half of the down payment on hand, the other half can be gifted. If you are using a gift as your down payment, please be advised that it must truly be a gift and repayment not required. Additional down payments can not be borrowed or provided by the Seller in the form of a contribution.
ABOUT JCF LENDING GROUP
Headquartered in Las Vegas, Nevada, JCF Lending Group specializes in the financing and refinancing of mobile, modular and manufactured home loans Nationwide, with specialized programs in 42 States.
With decades of combined experience in the mobile and manufactured home industry, JCF Lending Group provides loans for homes that are in parks, leased land, family/private land where the home is not tied to the land by a mortgage, deed or a trust. We are a niche Michigan mobile home lender and proud of it.
At JCF Lending Group our end goal is to personalize each financial need to each customers situation. Whether you are selling or buying a manufactured home or refinancing your current mobile home, our experienced staff is ready to help.
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