Freddie teams with Kentucky lenders to finance manufactured homes

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Founded in 1985, First Credit Corporation is a licensed lender and insurance agency for mobile and manufactured homes. We are currently financing manufactured homes in 10 states. Do you live in Connecticut, Delaware, Massachusetts, Maryland, New Jersey, New York, Pennsylvania, North Carolina, South Carolina or Georgia?

Can a buyer purchase a Modular Home using a USDA Rural Development Home Loan? Absolutely! We routinely lend USDA guaranteed home loans to build modular homes throughout NC, SC, and VA. Modular Homes are sectional, prefabricated houses that consist of two or more sections which are typically manufactured in a controlled, high tech facility and are delivered to their site of intended use.

Our Next Chapter. As CEO of Freddie Mac, my top priority is to capitalize on our transformation and bring us into the next chapter – ready and able to meet a rising number of new challenges in a rapidly changing environment.

 · Can I get a loan for a mobile home?. transfers in the sale when buying the home. Fannie Mae and Freddie Mac do make conventional loans on manufactured homes – if you can find a lender.

"Someone was having their team members. the largest home mortgage lender in the country, an accomplishment that is central in the company’s advertisements and giant billboards in Detroit. Privately.

SmartMH is an energy-efficient manufactured housing initiative led by lenders, retailers, manufacturers, nonprofits and public stakeholders who are committed to increasing access to ENERGY STAR certified homes across kentucky. freddie mac and Next Step are actively seeking new lenders interested in making real property loans for energy-efficient manufactured homes.

Manufactured homes are built in the controlled environment of a manufacturing plant and are transported in one or more sections on a permanent chassis. What is the difference between manufactured and modular homes? Manufactured homes are constructed according to a code administered by the U.S. Department of Housing and Urban Development (HUD Code).

Manufactured home loans can be made for any amount and buyers can qualify with a minimum credit score of 620. If you are interested in this type of financing, please contact me directly.

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