Financing Your Manufactured Home
Do you need help buying your mobile home? We can help.
Having poor credit shouldn’t prevent you from owning your own manufactured home. That’s why Timberline Homes of Marianna offers a credit repair program for qualifying customers. If you don’t meet the minimum credit score requirements for our finance companies, we’ll work with you to get things on track. This free program generally takes around 35 – 40 days to complete.
Let Us Find a Loan that Works for You
Timberline Homes of Marianna will work with you to make sure you get into the home you want. Here are some of our home loan financing options.
Land-Home
These loans combine your owned land or land that you wish to purchase with the manufactured home you are buying. In this case, a mortgage would be filed, and property taxes will be assessed annually. The benefit of this type of loan is that customers with mediocre credit may be able to qualify. The land-home process generally takes longer than other types of loans.
Land-in-Lieu
This type of loan is similar to a Chattel loan, except you may use owned land-in-lieu of a cash down-payment. You may also use a combination of both land and cash for your down-payment.
Home-Only or Chattel
This type of loan is when the customer is buying the home by itself without using land. This type of financing typically requires a down-payment of at least 5% of the price of the home (incl. tax). A higher down-payment will result in a lower rate of interest and may increase your ability to buy your home.
Learn More About Your Financing Options
We partner with several financing groups to make sure we find the best financing deal for you. Contact us right now to learn more about our home loan financing options.