Get to Know Direct Lending

If you’re looking to finance the purchase of a manufactured or modular home without a retailer, we may be a good choice for you!

Direct Lending is a unique financing option within Vanderbilt Mortgage and Finance, Inc. Vanderbilt specializes in financing the purchase of new and pre-owned manufactured and modular homes. You can learn more about Vanderbilt here.

While on Vanderbilt’s website, under the ‘Mortgages and Loans’ tab, you’ll see Direct Lending – that’s us. We are your individual-to-individual loan program. Your mortgage will still be through Vanderbilt, and you’ll fill out the same application, with just a few variations. Check out more below on how we can potentially finance your home purchase.

What we finance:

• Manufactured/mobile and modular homes
• Land and homes or the home only sold by individuals (Real Estate Agents are permitted if home is titled to the individual owner/seller.)
• 4 loan programs: pre-owned (no land), pre-owned land and home purchase or pay off, pre-owned land in lieu, pre-owned bi-weekly

What we don’t finance:

• Homes owned by dealerships, communities or any business
• Homes owned by banks

Loan programs explained:

• Pre-Owned (No Land): Ideal for home only purchases, and could possibly be a home in a community or on rented/ leased land that is owned by an individual homeowner.
• Pre-Owned Land Home and Land Purchase or Payoff: This could be land bought with the home, land bought separately and moving it to said location or land that you currently own and would like for us to pay off as part of the loan.
• Pre-Owned Land in Lieu: Land you own free and clear and want to use as your down payment – plus, putting the home on the property.
• Pre-Owned Bi-Weekly: A payment program where half of the mortgage payment is made every other week and is contingent on meeting qualifications.
• Interested in applying with us? Have more questions about the loan programs? Give us a call at (866) 491-0189!

Apply Now!