Buying or Refinancing a Manufactured Home?

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Manufactured homes are constructed in a manufacturing facility according to HUD guidelines. They are titled like a vehicle until placed on permanent foundation, at which point the title is surrendered to the State and the unit is converted to Real Estate. A manufactured homes has a steel beam going through the center of the unit where wheels, axles & hitch were attached (the hitch, wheels, and axles must be removed for mortgage financing). Can be financed under the following conditions:
Constructed after 1978
Taxed as real estate by Auditor (MH as real estate)
Interior HUD label – confirms year, make, model, manufacturer and serial number of unit.
Exterior HUD labels – provide HUD serial numbers
Structural Certification – licensed structural engineer to confirm unit attached to permanent foundation according to code
Must not have been previously installed or occupied at any other site or location, except from the manufacturer or dealer’s lot as a new unit

Reviews

"Noel was very responsive and always took the time to talk me through the process or things I didn't fully understand. I appreciate being treated with so much respect and attention to helping me work through the mortgage process. I definitely felt like Noel was helping me to get the best deal with mortgage rates and a financial situation I could afford, while helping me to purchase the home I was really wanting. One small issue that I had, if I could have put this at "mostly" great, I did feel like his assistant didn't always do her "homework" in her part of working with me. She would often confuse my accounts with financial institutions that I didn't bank with, and wasn't always clear with me on what she needed because of those errors. It just seemed demanding of requests without me understanding what she actually needed. I would have liked for her to have similar knowledge and background of my accounts and paperwork as Noel was so good with. It just became frustrating for me sometimes and took more of my personal time than it seems like it would have if she had stronger knowledge of everything. Noel was amazing with these aspects."

jennifer b

"Noel and Darcy are excellent communicators, provide sage advice and utilize technology to keep us up to date on the entire loan process. Moreover, they've earned my trust over the years which to me, means everything."

roger k

"Very responsive and supportive"

helen l