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Why Work With a Mobile Home Loan Expert?

It seems like common sense that if you need financing for a mobile home, then acquiring a broker that deals with your particular needs is the obvious choice. However, many modular home buyers are deceived by desperate loan agents or companies that are well known for their experience in traditional home loans but do not know manufactured home loans, and are just trying to tap into the mobile home finance market. Only after dragging their customer through the entire process (and racking up quite a bill), does the inexperienced loan specialist realize that they could not secure financing for a modular home in the first place. To tell you the truth, many of our customers have contacted us after their former finance broker turned them away. In this situation, a customer has no choice but to start over and leave behind the fees and charges they already paid up to the sum of $1,000. If this sad scenario isn't convincing enough, you need to read the top three reasons to seek out a manufactured home loan professional to fully realize your actual financing choices.

One. The banking and real estate economy changes every day, and this includes the mobile home industry. Only a Broker in Modular Home finance will know the funders that will and wont' lend for Manufactured Home Loans. Many funders that formerly lent on Manufactured Homes, have ceased with their Manufactured Home loan programs within the past few months. Most likely, even if the funder didn't cancel their Mobile Home programs, they have changed them significantly. Only a company that specializes in Manufactured Home loans will know the true temperature of this niche industry.

Second. Manufactured Home loans maintains its own specific rules and regulations. An agent that only deals with traditional home loans does not know the intricacies of the manufactured home industry. This leaves the customer quite vulnerable to legal action if the broker's ignorance causes any legal or regulatory issues during the transaction. Modular Home sare treated very differently on both the federal and state level, and unless the agent is in the know there is great potential for a unfortunate mistake.

Third. Using a Mobile Home Loan Specialist will cost you less money, both short term and long term. Mobile Home realtors and mortgage brokers without Mobile Home know-how usually apply their stick built home finance expertise to Manufactured Homes, and this is ultimately fruitless. Usually, the unfamiliar broker will order an appraisal on a property without first checking for any comparable sales in the immediate area, which makes the home nearly impossible to lend on. This will needlessly waste $400 of your hard earned cash, and unfortunately you will have nothing to show for it. A Mobile Home Loan Broker knows the proper process, and you will take advantage of the years of expertise they already have, rather than) being drug through the learning curve of a stick built home specialist. In the end, a customer is always leaving themselves open to great risk when by not going with a loan broker that does not have Manufactured Home loan expertise Hard Money Mortgage.

The O.C. Mortgage Specialist

Ph: 949-426-7128

Address 600 W. Santa Ana Blvd. STE 114A Santa Ana, CA. 92701-4509