Modular home loans for people with bad credit

Flagstar Bank offers a variety of residential mortgage options to our customers. We are one of the largest wholesale lenders nationwide, and we specialize in offering manufactured housing loans. A manufactured house is built in a factory and transported to the site where they are installed. A similar type of house that is prefabricated in a factory but built onsite is a modular home. Loans for people with bad credit are often difficult to secure if you are looking at conventional financing options. We offer several FHA loan choices that are more flexible in the credit ratings required. If you are a first time buyer, you may consider a modular home. Loans for people with bad credit may still be possible with us if your meet certain criteria. Our team of specialists can help determine if we are able to help you.

Mobile home refinancing loan program

If you currently own your residence and are looking to consolidate debt, you may be eligible for our cash-out refinance option. We offer a mobile home refinancing loan program that can help consolidate debts, lower monthly payments and free up cash for whatever you need it for. If you own your land and if your residence is a double or triple-wide trailer that is attached to a foundation and manufactured after June 15, 1976, you may qualify for our mobile home refinancing loan program. A quick call to our professionals can get the ball rolling. We can offer the cash-out refinance on FHA loans for up to 95% of the appraised value of the house. For additional information, please give us a call or you can also read our FAQ section for detailed information. You can fill out the easy online application form, or give us a call. We offer variable and fixed rates and can help you figure out which will fit your needs best.