Can I Purchase a Mobile/Manufactured Home with Poor (or No) Credit?

November 06, 2017

 


 

The answer may surprise you.

First, we sort out “credit hopeless” from “credit impaired” applicants.  The credit hopeless seem to borrow money with little or no understanding, or worse yet, with little or no intention of paying it back.  

 

Credit impaired applicants are generally honest folks who’ve hit a bump in the road – illness, divorce, job loss, real estate foreclosure, etc.

For the credit impaired, there’s hope of purchasing a Hames manufactured home.  Barbara Hames-Bryant (NMLS #366201) and Curtis Hames IV (NMLS #1605565) are licensed mortgage loan originators with Circle Finance LLC[i].  We’ve had the training and experience to evaluate your credit report, job situation, income, and down payment to determine if a mobile or manufactured home loan will work for you.

Our mobile/manufactured home loans are:

 

Uncomplicated

Fully amortizing, fixed rate loans with no balloon payments.

Wealth-Building

Most loans require 10% down payment. Short term loans (7-15 years) build up equity faster in your home.

Fair

No loan closing costs or processing fees. No prepayment penalties.

Easy

Your monthly payments include taxes and insurance (“escrow”). We take care of paying your annual property tax bill and homeowner’s insurance for you.

Convenient

Cash, check, or automatic payments can be made at any Hames office. Credit card payments can be made online.

Flexible

At your option, automatic payments can be set up weekly, bi-weekly, bi-monthly or monthly according to your payroll schedule.

Affordable

Interest rates for used mobile/manufactured homes are competitive with local and national lenders. New home APR is 6-7%, depending on credit.

 

Circle Finance mobile/manufactured home loans are available to customers living in Hames communities: Grand View, Summit View, West Park, Sunrise Village or West Branch Village. In addition to home purchases from the Hames mobile home dealership, for-sale-by-owner and listings in any of these 5 manufactured home communities may apply for financing.

Apply today and see if you qualify!  Contact Barbara Hames-Bryant or Curits Hames, or call us at (319) 377-4863 for more information.  You’ll be one step closer to the home of your dreams. 

That’s the Hames Way – Make It Your Way!



[i] Circle Finance (NMLS#366020) is licensed through the state of Iowa Department of Banking, and fully compliant with all state and federal laws. 

 

 




Commentary

No comments have been posted for this item.

ADD YOUR COMMENT
Please keep it clean, and stay on the subject or we may delete your comment. If you see inappropriate language, e-mail us. An asterisk (*) indicates a required field.



1000 character limit. All comments are subject to editing or deletion.



Please enter the text you see in the image:
Get Audio Code