No Borrowed Down Payments. Source must be Seasoned Funds or Gift.
Q: I See that You Must Have Good Credit. What if My Credit is Bad or Poor?
A: JCF only offers modular home loans to consumers with good or excellent credit.
Q: Does JCF offer Land/Home Combination Financing?
A: No, JCF does not finance land or land & home combinations. We are a home only lender.
Q: I Want to Buy and Move a Modular Home onto My Property, Can JCF Help?
A: No, JCF will not finance a manufactured or modular home that will be moved after financing.
Q: Can JCF Help me Purchase a Modular Home from a Dealer?
A: Only when the Dealer is acting as a listing agent for a homeowner. We do not finance new homes or homes that are coming from the dealers inventory. If the home must be moved, we cannot help.
Q: Is there an Application Fee to Apply with JCF?
A: No. We do not charge application fees.
Q: Does JCF offer 100% Modular 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 with the exception of vacation homes.
Q: Do I Need a Realtor to Use JCF Lending Group?
A: No. JCF will work directly with buyers and sellers. We provide all of the closing documentation necessary.
Q: Is 3rd Party Escrow mandatory on JCF Modular Home Loans?
A: No, with the exception of California, where escrow is required. All escrow functions will be handled internally by JCF's Documentation Department.
Q: I Would Like to Help My Family Member Buy a Modular Home. Can JCF Help?
A: No, JCF does not finance homes purchased for friends or relatives.
Q: How Long Does It Take to Be Approved for Modular Home Financing?
A: By Phone in as Little as 15 minutes. Online applications take 12 – 24 hours.
Q: Are JCF's Modular Home Loans Assumable?
A: No, our loans are not assumable.
Q: Are there any Pre-Payment Penalty Fees on Your Modular Home Loans?
A: No, although closing costs and escrow fees are non-refundable. Our loans carry no prepayment penalties.
Q: What Terms do Your Modular 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 Modular Home Loan?
A; From application to funding, normally occurs within 2-3 weeks, depending on the State.
Q: Is JCF Affiliated with 21st Mortgage or Vanderbilt Mortgage?
A: No. They are friendly competitors, there is no relationship present.
Q: Do Your Modular Home Loans Require an Appraisal or Inspection?
A: Yes, an inspection is always required. In some cases, an Appraisal/Inspection combination will be required.
If your questions have not been answered, please contact us.
We are able to offer the lowest lender direct modular home loan rates possible along with a Variety of Modular Home Loan Programs to meet the needs of a Nation. We will easily guide you through the modular home 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 Equal Housing Lender. We provide modular home loans in the following States;
ALABAMA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, DELAWARE, FLORIDA, GEORGIA, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA ,MAINE, MARYLAND, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN AND WYOMING.
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