Down East Homes of Beulaville has been supplying manufactured homes to Eastern North Carolina for over 32 years. We know Financing can be confusing, and we would like to offer straightforward guidelines that will make the process less stressful.
AT DOWN EAST HOMES:
• Good Credit – 0 down to 3.5% down!
• Credit Score as Low as 575 – could be as low as 10% down and low payments!
• Had Harder Times? We can help!
10% – 35% down, but gives you a new start!
Stop By and See Our Models Today!
HERE ARE SMART STEPS TO GET STARTED:
1 – First Step – Find Out Your Credit Score before you apply for Financing
Nothing is more important than this critical information. It is how lending institutions view you financially.
If you’re thinking of financing your home purchase, go to annualcreditreport.com for your free credit score.
! GET YOUR “FICO” SCORE
Access the actual number (between 300 and 850) “Fico” Score that lenders are using when they evaluate
your application. This number is not available on the free credit score.
Go to: www.myfico.com (where you can order your score, plus your credit history, for $19.95). For a one-time score report – order the “Standard” report.. from any of the 3 companies they offer (Experian, etc.).
Once you access the report, after seeing your credit score number – check the “Credit Report” area – it will list your credit cards and the amounts owed on them. If anything there is not accurate – call Fico at their toll free number on their website, and get your credit report correctly updated.
2 – Step Two – Review your Monthly Budget
What is the amount you are comfortable with to pay each month for your home’s financing?
3 – Step Three – Choose a Lender
In compliance with the new 2014 Dodd-Frank regulations, Down East Homes is happy to provide you with this alphabetized list of lenders in the area that are most likely to offer financing for manufactured and/or modular homes.
Please note this is just a partial listing of available lenders, and not representative of every lender that may offer lending in your area. You are welcome and even encouraged to contact other lenders to compare rates and benefits of various lending options.
This list is for informational purposes only, and not to be considered a recommendation of any particular lender, except for the type of financing they offer (chattel or home, land/home). Please direct any specific questions about financing to your lender of choice. This information is deemed to be accurate, however, this list may be updated or revised at any time, without prior notice or consent.
FOR AN ALPHABETIZED LIST OF LENDERS – PLEASE SEE BELOW LIST:
21st MORTGAGE CORP. (Home Only, Land/Home, Subprime)
620 Market Street, Suite 100 • Knoxville, TN 37902
Phone: 1-800-955-0021 • Fax: 1-877-312-2100
Contact: Chassidy Housewright – Ext. 2101
Website: www.21stmortgage.com (Online Application Available)
Azalea Coast Mortgage Co., Inc. (Land/Home)
8211 Market Street, Suite CC Wilmington, NC 28411
Phone: 910-270-4663 • Cell: 910-619-3405 • Fax: 910-270-8673
Contact: Sandra Wilson
Email – firstname.lastname@example.org
Online Application Available: https://www.secure-apps.smartapp1003.com/201185/?loanofficerid=202008
NMLS # 78647 • ACM NMLS # 56441
BB&T (Home, Land/Home)
375 South Front Street • New Bern, NC 28560
Office: 252-638-7134 • Fax: 252-637-7595
CASCADE FINANCIAL SERVICES (Home, Land/Home)
3345 S. Val Vista Drive – Suite 300 • Gilbert, AZ 85297
Phone: 877-869-7082 • Fax: 480-539-4915
Website: www.cascadeloans.com • Email: email@example.com
(Online Application Available)
CU Factory Built Lending (Home only, Land/Home, LIL)
620 Green Valley Road, Suite 300 • Greensboro, NC 27408
Phone: 866-279-1899 • Fax: 866-279-1919
Contact: Chuck Ham • Email: firstname.lastname@example.org
Website: www.cufbl.com (Online application available)
First Carolina Bank
171 N. Winstead Avenue • Rocky Mount, NC 27804
Phone: 252-451-2961 • Contact: Ronda Jordon
Website: www.firstcarolinabank.com (In-house underwriting)
Hamilton Group Funding (Home, Land/Home)
5520 McNeely Drive • Suite 200 • Raleigh, NC 27612
Phone: 919-881-4121 – Ext. 12
Contact: Natalya Hill • Email: email@example.com
Website: www.bestlenderinraleigh.com (Online application available)
PNC MORTGAGE (Home, Land/Home)
272 Bendix Road • Suite 150 • Virginia Beach, VA 23452
Phone: 757-671-2653 • Fax: 877-609-6677
Contact: Lee G. Barthold • Email: firstname.lastname@example.org
Southern Bank (Home, Land/Home)
209 S. Barnes Street • Nashville, NC 27856
Phone: 252-459-2117 • Fax: 252-459-4007
Contact: Amy Beasley
State Employees Credit Union (Home, Land/Home)
2216 West Vernon Avenue • Kinston, NC 28504
Phone: 252-522-1717 • Fax: 252-522-1517
Triad Financial Services (Home only, Land/Home LIL)
4336 Pablo Oaks Court • Jacksonville, FL 32224
Phone: 270-403-5493 • Toll Free: 800-522-2013 • Fax: 888-733-1522
US BANK (Home Only, Home, Land/Home, LIL)
5787 Chesapeake Court • Suite 204 • San Diego, CA 92123
Phone: 866-300-8345 • Fax: 866-245-0580
NEW FINANCING OPTION:
Did You Know:
THERE ARE OPTIONS AVAILABLE TO ASSIST YOU TO PLAN YOUR HOME PURCHASE:
Are you a first time home buyer?
Or… you have not owned a home in the last 3 years? You may be able to qualify for certain benefits.
Are you a veteran?
VA financing also has low down payments. Almost all active duty and honorably discharged service members are eligible for a VA Home Loan.
Sponsored by the federal government, this program is designed to help first-time homebuyers qualify for a loan. An FHA loan offers a competitive rate, a low down payment and no loan fees.
Rates haven’t been this low in many years:
For 30 year, 15 year conventional, and construction-to-permanent loans.
Have your own land?
Home only financing is available; or you can finance a new home, land, fees and improvements with the same loan. It’s easy and it’s convenient.
USDA Single Family Housing Loans:
Made by mortgage lenders to moderate income families who have limited down payment capacity, these USDA guaranteed loans offer up to 100% financing on modulars.
STOP BY TODAY – there are many options available to get your financing started.