Part of the appeal of mobile homes over traditional site-built homes is the cost. It’s often much more affordable to buy a mobile home, reducing the barriers to entry and making it easier to become a homeowner. Additionally, financing options are available that can make this even simpler.
When you buy a home through Fiesta Homes, we’ll help you understand your financing options and help you to make an informed decision about your new home.
What Financing Options Are Available?
The financing options available to you as a new homeowner depend on several factors, including your credit score and the type of home you are buying. Modular homes and mobile homes purchased to be placed on land that you own will be easier to finance than homes purchased for installation in a park or on leased land.
With that in mind, multiple financing options and discount programs may be available from groups like the VA, rural housing or first-time home buyers program.
Some options include:
- VA loans with no-money down
- FHA loans with 3.5% down
- NM Mortgage Finance Authority
- Land-home packages
- Conventional financing when available
The most popular mortgage company for mobile home financing is 21st Mortgage, a group that offers loans for manufactured homes of all kinds.
Can Fiesta Homes Help With My Financing?
As a small independent dealer, we do not have the resources to finance your home ourselves – but we can get you connected with the people who can. With years of experience in the field, we know all of the options available to new homeowners, and we’ll work to match you with financing and discount options that will keep your costs down.
Contact us today to learn more about our financing options and how Fiesta Homes can help match you to the home you’ve always wanted.
