Sellens Real Estate Lending
Professional Real Estate Lending since 1991
Special Mobile Home Loan Programs
These programs are time dated, so please notice the application and funding date limits. Rates are good for 60 days from the approval date.
Equity Builder Program - 10 year term, 6.99% simple interest rate. Add .25% to the rate if auto-pay is not utilized. Ask about seasonal specials with lower interest rates.
Program is available for Purchase and Refinance transactions for Mobile Homes on Leased Land:
10% down / 90% Loan to Value. Example, if the mobile home is worth $100,000, the maximum loan available is $90,000.
Required credit score is 700 or more
Good for Single Wide or Multi-Section Mobile Homes
Applies to applications received from 7/20/10 thru 9/30/10. Loan must fund by 11/30/10.
Please contact us now to make your application.
Services offered required a mortgage loan originator license, as obtained by Sellens Real Estate Lending. NMLS ID # 313371
Published 8/18/10
Mobile Home Special Program #1
Great Living
Ask for the Special
Example loan for $80,000
Simple Interest 6.99
APR 7.61%
Principal and Interest Payment $929 a mo.
Term 10 years
Balance of principal remaining at due date - zero
No Prepayment Penalties
Agricultural and Commercial Properties are not included.
Please call with your questions. Judy
