Mobile Home Lending for Oklahoma City
If you want to own your own home, but are concerned with high closing costs, down payments and hefty mortgage payments, you're not alone. Tough financial times have made the need for affordable homeownership even more important, but even when economic conditions are favorable, some people still prefer to keep their household costs conservative.
Manufactured Housing - An Affordable Alternative
How can you keep housing costs low while still being able to enjoy the benefits of homeownership? Choose manufactured or mobile housing. Manufactured housing is a very affordable alternative to site-built homes and they boast many of the same amenities that your typical house would offer. Modern mobile homes have come a long way as far as energy efficiency and space-saving design. In fact, many Americans are choosing to go the minimalist route and buy homes that are less than 800 square feet! But don't worry, if you need more space you may still be able to snag a great deal on a doublewide home loan from AFR!
The lending specialists at American Financial Resources have a variety of FHA insured mobile home mortgage solutions that may fit your needs. There are certain criteria you must meet, like having your home on purchased property rather than in a trailer park. To see if you a mobile home mortgage might be right for you, contact the mortgage lending experts at American Financial Resources today at 800-634-8616.
Why choose a mobile home loans from AFR?
- Low down payment option
- Less restrictive underwriting guidelines compared to some other programs
- AFR is one of the nation’s largest direct FHA lenders.
- Can be ideal for first time home buyers.
Research Oklahoma County FHA loan limits: