"Bringing Value Back To Mobile Home Loans"
 
How To Get A Fast Manufactured Refinance Or Mobile Home Loan

The most important step in a fast mobile home loan is submitting the appropriate paperwork.

Things You'll Need to Qualify with a Manufactured Home Loan

  1. Pay stubs for 1 month
  2. W2’s for 2005 and 2006 (and/or 1099’s)
  3. First 2 pages of your taxes (1040’s)for 2005 & 2006
  4. 2 months of bank statements (all pages)
  5. Copy of most current asset statements (IRA, Stocks, 401K, ect.)
  6. Park Address and contact phone number
  7. Copy of current mortgage statement or copy of coupon
  8. Disability, Retirement & SS income: award letter
  9. Copy of purchase contract for home (or title if owned outright)
  10. Name of Park & Amount of space rent
  11. Loan program desired and amount of cash(and/or bills) desired
  12. Year of home and dimensions
  13. Copy of driver license & social security card copy

 

Basically, a general rule to remember is we are building a case to the Underwriter on every loan submission. Therefore anything that makes You look good to the bank should be submitted; things like child support, Structured settlements and rental agreements for other properties are all Examples of things that make you look good to the bank.

Five ways to make the loan process go faster:

We should say that "working with us" is the first way! When you let us help you find the loan that's right for you, you truly are taking advantage of some of the area's best technology and expertise to get you a loan decision and funding on your loan quickly.

But here are five "other" ways you can speed up the process of getting a mortgage loan:

1. Have everything ready and in one place.Elsewhere on our website, you'll find a list of things you might need in support of your mortgage application. If you get them all together and keep them in a safe, portable place like a special pouch or folder, you can cut down on time spent rooting around for things we may need. Also, you'll help cut down on your own anxiety and confusion.

2. Be honest and complete when you fill out your application. "Fudging" your employment or residence history or omitting open credit accounts you'd rather not have considered doesn't increase your chances of getting a favorable loan. In 100 percent of cases, it makes it harder, and take longer.

3. Respond promptly to requests for additional information.During processing, we or the lender considering your loan may need additional information. Provide it as soon as you get the request, or return the call as soon as you get the message.

4. Be prepared to explain derogatory items in your credit report. This is really part of number 2 above. If you had an illness or a divorce where you missed or made late payments, or you have other instances of late payments or delinquencies on your credit report, be prepared to explain them. Be honest, and don't be nervous! The loan processor isn't judging you, they're trying to fill in all the blanks in their paperwork.

5. Let the appraiser in!The appraisal is one of the lengthiest parts of the mortgage loan process. Studies have shown that the single biggest factor in appraisal "lag time" is the appraiser's inability to reach the homeowner to make an appointment. If you're refinancing and the appraiser calls to make an appointment, make it as soon as convenient for both of you.

And remember that the appraiser doesn't want to buy your house. He or she will say what the house is worth clean and tidy and in reasonable repair, even if you have some dirty laundry on the laundry room floor or dirty dishes in the sink. Cleaning doesn't get you a higher appraisal! Letting the appraiser in as soon as possible gets you a loan faster, though.
                   

Mobile Home Loan Automated Quote Form

Our manufactured & mobile home loans automated quote form allows you to shop us from the comfort of your own home without speaking to an office loan coordinator or account executive yet still receive a best estimate of our rate, term and/or availability based on your unique situation. Please provide as much information as possible. Thank You for making ValueLoans.com #1.

Your Name:
Year Of Mobile Home and Whether it is a Single, Double or TripleWide?
Rate Your Credit? Poor (Lower Than 599), Fair(600-660), Good(661-699), or Excellent, (700 & Above).
Is the Home on Land, In a Park, Private Property, Leased Land, in a Coop Community or Other?
Is This a Purchase, Refinance For A Lower Interest Rate Or Cash Out / Debt Consolidation Refinance Loan?
Income Per Month And The Source: W2,s, Retirement or Self-Employed
State:
Amount You Would Like To Borrow And Value of The Home? For New Purchase Loans Include % down
Phone:
Email Address:
Getting To Know You Section:Please include anything that may help us to give an accurate quote,Including Previous BK, Additional Income, Current Lender, current rate, goals or anything unique to Your Situation.

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                   The internet one stop shop for all that                   The Name Says It All. Nothing But Great
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            Offering 2nd chance mobile home        America's easiest mobile home     Providing new manufactured factory
            loans to troubled credit borrowers                  loans...guaranteed!                 homes and realtor listing services. 

                                  E-MobileHome.com                      Chattelloan.com
                           When it comes to mobile homes and                   Offering low rate & low fee                         
                                    mobile home loans we won't be beat.                 loans on moveable property.
              
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                     Quick is the way we process our chattel loans.             Close your in park loan in as little as 7 days
                         Ask about our on time loan guarantee.                          upon receipt of all your paperwork.