If your manufactured or modular home is not currently financed with Vanderbilt Mortgage and Finance, you could be paying too much. We offer refinancing for modular and manufactured homes that could potentially save you thousands of dollars.
You may be able to reduce your current interest rate resulting in lower payments or an earlier payoff. Vanderbilt Mortgage customers enjoy some of the best loan programs available.
There are many things to consider when refinancing a modular or manufactured home. The term of the loan, type of interest rate, closing costs and repayment terms are just a few of these items.
The Vanderbilt Mortgage advantages include:
Fixed Interest Rates
With fixed interest rate loans, your payment will never fluctuate due to the interest rate changes in the mortgage lending market. You can budget with confidence over the entire term of the loan. No balloon loans available.
Fixed Term Mortgages
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 in your home to pay off other high interest rate creditors. This program not available in all states.
Locate The Home For Your Convenience
The home does NOT have to be on a permanent foundation. Whether the home is located in a park, community, leased land or private land, Vanderbilt can assist you with financing. Modular homes have permanent foundations and cannot be relocated.
Closing costs
All closing costs can be financed into the loan to keep your out-of-pocket expense low at the time of purchase.No Prepayment Penalties
You can pay off your loan at any time with no penalties of any kind.
No Application Fees
Smart Mortgage
With our Smart Mortgage loan program you make biweekly payments through automatic bank draft that save you thousands of dollars in interest over the term of the loan.
Mortgage Insurance
Mortgage insurance is not required on any of our loans.
To
get more information or to speak with a loan analyst, you can
contact us via online links or call
1-800-555-5035.
