Vanderbilt Mortgage has programs designed to assist buyers who want to purchase a manufactured or modular home with land from an individual or realtor.
If you are already living in a manufactured or modular home and are not already a Vanderbilt customer, we could possibly save you money by refinancing your home or combining a separate home loan with a land loan. Whether it is refinancing your current land/home loan, moving your home to a piece of property you wish to purchase, or combining your home loan with your land, Vanderbilt makes it simple and easy.
Just a few examples of the Vanderbilt Mortgage and Finance advantage are:
Down Payments As Low As 5%
Down payments vary depending on each individual’s credit. 100% financing is not available.
Fixed Interest Rates
With fixed interest rate loans, your payment will never fluctuate due to interest rate changes in the mortgage lending market. You can budget with confidence over the entire term of the loan. No balloon loans available.
Home And Site Improvements Can Be Financed Into The Loan
Whether you need money to move the home to the property or put in improvements such as well, septic, driveway, or decks, we can provide the financing in one simple and easy payment.
No Prepayment Penalties
You can pay off your loan at any time with no penalties of any kind.
Fixed Mortgage Terms
We offer terms up to 25 years on multi-sectional homes or 15 years on single-sectional homes with no balloon payments.
Credit Card Consolidation
Use the equity you may have in your home to pay off other high interest rate creditors. This program is not available in all states.
Closing Costs
All closing costs can be financed into the loan to keep your out-of-pocket expense low at the time of closing.
Smart Mortgage
With our Smart Mortgage loan program you make bi-weekly payments through automatic bank drafts which save you thousands of dollars in interest over the term of the loan.
No Application Fees
Mortgage Insurance
Mortgage insurance is not required on any of our loans.
To
get more information or to speak with a loan analyst, you may
contact us via online links or call
1-888-249-2445.
