[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” class=”mass-responsive-section” id=”section1″ background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” border_size=”0px” border_style=”solid” padding_top=”3%” padding_bottom=”0″][fusion_builder_row][fusion_builder_column type=”3_4″ layout=”1_1″ spacing=”yes” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”no” class=”mass-intro” id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”0px” padding_right=”15%” padding_bottom=”0px” padding_left=”15%” margin_top=”42px” margin_bottom=”20px” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” last=”no”][fusion_text]

Manufactured Home Loans

Agri-One Financial has loans available to finance your manufactured rural home or part-time farm property. If you own or are purchasing a manufactured home with acreage in a rural community, we have the product for you. Long term fixed and adjustable rate loan products are available. We offer competitive rates and a variety of loan products to meet your financing needs.

KEY CRITERIA FOR ELIGIBLE LOANS

  • Must meet the general loan program requirements for either the Rural Home Loan or Part-Time Farm Loan programs
  • Manufactured home must meet the Manufactured Home Construction and Safety Standards established by HUD June 15, 1976
  • Must be a doublewide or larger on permanent foundation meeting state and county regulations, with wheels and axles removed
  • Must be classified as real property with title surrendered or retired (if not permissible by state law lender must hold original title and UCC filing required)
  • Loan amounts up to $1 million
  • Maximum loan to value of 75-80% for purchases and limited cash-out refinance and 65% for cash-out refinances.
  • Loan term may not exceed remaining economic life of manufactured home
  • Must be typical for the community with comparable sales on the appraisal

CUSTOMER QUALIFICATIONS

  • Two years established employment and/or stable income
  • Acceptable 24 month credit history with a minimum credit score of 620
  • Must have minimum cash reserves of two months PITI
  • Monthly Housing Expense to Gross Income Ratio of 28% or less
  • Monthly Debt to Gross Income Ratio of 36% or less
  • Flexibility in the above ratios with compensating factors such as excellent credit, substantial cash reserves or low loan to value

PRODUCTS

  • Fixed rates: 10-year, 15-year, 20-year and 25-year fixed rate loans
  • Adjustable rates: 1-year, 3/1, 5/1, and 7/1 with 5-year to 25-year term
  • Adjustable rates: 10/1 and 15/1 with 15-year or 25-year term

For More Information Contact:

Agri-One Financial
303-773-3545
steve@agrionefinancial.com

[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_4″ layout=”1_1″ spacing=”yes” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”no” class=”mass-intro” id=”” background_color=”” background_image=”” background_position=”left top” undefined=”” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”0px” padding_right=”15%” padding_bottom=”0px” padding_left=”15%” margin_top=”42px” margin_bottom=”20px” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” last=”no”][fusion_widget_area name=”avada-slidingbar-widget-1″ title_size=”” title_color=”” background_color=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]