*Due to the complexity of the rate & term tables listed above, the Webmaster acknowledges there may be error(s) listed above. Here are some helpful tips and articles to guide you through the process. Rates are subject to change without notice. Mobile Home Buyer Resources Guides 21st Mortgage wants to help you understand the manufactured home loan financing process and help you determine the best options for you and your family. Purchase Calculator All Payment 458,511.57 Total Loan Amount 200,000.00 Total Interest Paid 186,511.57 Payment Breakdown 1,915 per month Principal & Interest (1,073.64) Taxes (100.00) Insurance (100.00) HOA Dues (0.00) PMI (0.00) Extra Payment (0.00) Monthly Payment Total Payment Home Value: 200,000.00 Mortgage Amount: 200,000. All approvals are based on your credit history, the mobile or manufactured home, location of the mobile or manufactured home, appraisal results and income history. Meeting the above credit score, down payment and/or equity requirements does not guarantee approval. Your origination fee may be different dependent on your situation. The origination fee indicated is for example purposes only. Homes outside of this parameter may experience higher rates and /or fees. The example rates above reflect the purchase or refinance of a 5 year old double section home located in a manufactured home park and/or leased lot community. The terms mobile and manufactured are often used interchangeably. They also require payment every 2 weeks via automatic withdrawal. First and foremost, it is important to determine whether the home is in fact manufactured. *The Fixed Rates are fixed for the term of the loan and cannot change for the life of the loan. Your rate cannot go up more than 2% percent in any given 12 month period and cannot exceed 5% over the life of the loan. After the initial fixed rate period, your rate can go up or down. The adjustment is determined by the One Year Libor, which represents the cost of funds between banks. **The Flex Rates shown are fixed for the term listed, then are adjustable for the remaining term listed. This fee does not include 3rd party escrow fees, Flood Certification or other titling fees that may be applicable in your state and/or situation. Fixed Interest Rate Variable Interest Rate The advantage to a fixed-rate mortgage is that you know what your monthly payment will be for the life of your loan, but if market conditions change, so could your mortgage payments. ![]() Both refinance & purchase programs are calculated using a loan origination fee in the amount of $2,000.00 which was financed, not paid in cash. There are two different types of interest rates that you can get with a mobile home loan. The refinance rates reflect 90% to 80% loan to value, while purchase rates reflect a 10% to 20% down payment. *The mobile home mortgage rates indicated above are reflective for both purchase and refinance, using an amount to finance of $250,000.
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