Cascade offers a range of modular and manufactured home financing options to meet your needs. We have programs available for both top qualifying applicants and prospective home buyers who can afford a home today, but have had credit challenges in the past.
FHA loans are best suited for borrowers who don’t have a large down payment and have less than perfect credit. Cascade’s FHA program can also assist buyers with higher debt to income ratios who have strong compensating factors such as stable employment. FHA loans offer low interest rates and several options for the loan term.
While many mortgage lenders do not offer VA loans on manufactured homes, Cascade can finance qualifying veterans with a credit score of 620 or higher. The advantage of a VA loan are flexible down payment options. VA loans also don’t require monthly mortgage insurance.
Construction to Permanent loans allow borrowers to build the home of their choice on land they’re purchasing or on land they already own and close ONE time. With this one-time close structure, borrowers close on the loan before any construction starts on the property. There is no need to get a second loan after the construction is complete incurring new closing costs, credit checks, income and employment verifications.
Chattel loans are for borrowers who want to purchase a home without legally attaching it to the land it sits on. In addition to flexibility around land title, the advantage of Chattel loans are often lower closing costs and faster loan Closings.
Whether you have good credit, bad credit or are somewhere in between, Cascade offers one of the best portfolio land home loan programs in the country. Our LandSmart Portfolio Land Home loan is designed to help qualified buyers finance the purchase of both the land and home with affordable rates and reasonable monthly payments.
When you work with Cascade, you can count on the highest level of service in the industry. We have an A+ rating from the BBB and countless satisfied customers. Our loan specialists are highly skilled at manufactured home lending. They will take the time to understand your situation and will craft the loan that best meets your needs!
Call or complete an online application today so we can determine your eligibility, match you with the perfect modular or manufactured home loan, and help you take a big step forward on the path to home ownership!
*Loans with a qualifying FICO score less than 600 are subject to additional guidelines requirements.
**5% down payment is subject to additional minimum FICO and residual income requirements. Please talk to a Loan Officer for further details on down payment and FICO score minimum