Financing Varieties

When someone asks me what types of financing are available, I usually start with the most typical and work my way from there.  Such as the Conventional, FHA, VA and sometimes USDA loans.  But often we get to talking about other aspects of real estate and I don't finish that long list-- so I wanted to highlight a couple of options that can be forgotten.  

One is the manufactured financing, which is alive and well.  Yes, after the market crashed years ago, trying to find manufactured financing was difficult to impossible.  But as the years went by, more and more products became available again.  Rick Costa of Bay Equity Home Loans has supplied me with a flyer of information regarding manufactured home loans which includes Conventional, FHA, and VA loans...

 .  

 For those loans with low down payments, I usually think of the 5% Conventional and 3.5% FHA loan, but Rick also showed me they have a 3% down payment loan program to those who qualify that includes a Down Payment Assistance (grant) to help those qualified to purchase.  

So many types of loan products are out there!  This is one of many, many reasons why a potential buyer should find a lender they are comfortable with (or ask the real estate agent they are working with for suggestions and begin by interviewing them).  If you are not comfortable with the person, then interview another lender, by all means.  This will be a long road and I want to know you are comfortable with who you are working with along the way!

You can reach me at www.MendoHomes.com for more information.  MendoRealEstate@gmail.com and 707-354-2999 (cell).  Realtor Karena Jolley with Coldwell Banker Mendo Realty Inc. license 01482063.  If you are currently working with an agent please do not consider this a solicitation.