Frank's Home Place,Inc.
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  • Home
    • About FHP
    • Our Friendly Staff
  • Floor Plans
    • Singlewide and Doublewides
      • Cavalier Homes
      • Clayton Oxford
      • TRU Homes
        • Tru Home Options
    • Modular Home Floor Plans
      • Champion Homes
      • HBS Austin Hunt & Elite Series
        • HBS Standard Features
      • Crestline Custom Homes
  • Model Homes
  • Pre Owned Homes
    • Used Homes for Sale
    • FSBO (For Sale By Owner)
    • Bank Owned Repos
  • Resources
    • How We Price Our Homes
    • Home Financing
    • 5 Step Home Buyers Guide
    • FHP Builder Package
    • Estimated Cost Proposal
    • Champion 7 Warranty
    • 2-10 Home Buyers Warranty
    • Style Crest Extended Warranty
    • County Information Links
    • Frank's Home Place News Blog
  • Land/Home
  • Galleries
    • Customer Homes Gallery
    • Interior/Exterior Gallery
    • Custom Options
    • Video Gallery
  • Reviews
  • Contact

Financing Your Manufactured or Modular Home

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Unless you're paying cash, you'll need to obtain a home mortgage loan to finance your new or pre-owned home. There are many loan options available to qualified buyers, but the financing process can be overwhelming and difficult to understand. Adding to that frustration are new federal lending laws that just came into effect which limit the role a manufactured or modular home dealer play in discussing lending options with their customers.

​Fortunately, Frank's Home Place has provided an easy 1-2-3 Step Guide to help its customers get on the right road to successful home financing!  Follow the three easy steps below to get started!

Click here to read our Home Mortgage Lender Information Disclaimer
Quick Home Buying Links

5 Step Home Buyers Guide

2019 Home Mortgage Lender List (local)

Fannie Mae My Community Mortgage Program

Dodd Frank Quick Reference Guide
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Estimated Monthly Payment List

Buying a Home in 3 Easy Steps!​

1. Check Your Credit
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Good credit is essential in getting the best financing for your new or pre-owned home. Start by getting a FREE copy of your credit report from or to make sure your credit history is correct and updated, and to see if you are credit-worthy enough to buy a home!

Visit Wallet Hub
Visit Credit Karma
2. Talk to a Lender
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One of the first things a buyer should do when considering buying a new home is to talk with a qualified home mortgage lender in their area. In compliance with the new Dodd Frank Laws, Frank's Home Place is happy to provide you with this list of lenders in the area that are most likely to provide financing for your new or pre-owned manufactured or modular home.
Get Mortgage Lender List
3. Calculate a Payment
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Use this free, comprehensive mortgage calculator to determine how much in monthly mortgage payments you can comfortably afford! Having a home buying budget in mind BEFORE you start shopping can save you time AND money!

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Mortgage Calculator

Lender Spotlight: Southern Bank

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Offering Affordable Housing Products for
Modular Home & Doublewide Buyers with Only 5% Down!


• Construction Loans Available! NO PMI!
(ask your lender for details!)

​• Doublewides financed for as little as 5% down with NO PMI!
Construction loans can be provided by FHP to qualified buyers! Ask for details!

Contact Shannon Houchins for more information!​
​
Shannon Houchins
Mortgage Loan Originator
Affiliated Mortgage Services l NMLS: 475662
shannon.houchins@southernbank.com
3938 S. Hathaway Blvd. Sharpsburg, N.C. 27878
Office: 252-977-9855 l Cell: 252-245-0075
www.southernbank.com
              

Down Payment Assistance Help Now Available!

If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage™, you may be eligible for $8,000 in downpayment assistance with the NC 1st Home Advantage Down Payment!

​Get the full program details below, or contact your preferred lender for more information!
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Program Details:*
$8,000 2nd lien; 15-year subordinate loan
  • Deferred years 1-10; forgiven at 20% a year in years 11-15
  • Max sales/acquisition limit is $250,000
  • Both new and existing homes are eligible
  • Single family, Townhome, Condo - 640 Credit Score
  • New Manufactured Housing - only on Govt loans - FHA/VA/USDA - 660 Credit Score
  • Max 43.0% Debt to Income
  • Interest rate on 1st mortgage may vary daily; see www.nchfa.com daily for rates starting 3/1/2018​
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  • Must be a first-time home buyer or qualifying military veteran (non-active duty)
  • The new $8,000 DPA cannot be combined with an MCC or the 3%/5% DPA from NCHFA
  • 60-day locks. Reserve locks using the same, NC Home Advantage reservation system in our OLS Portal on our website
  • NASH/EDGECOMBE/WILSON County limits -
  • 1-2 person household = $71,000
  • 3+ person household = $82,000
*Information above provided by BB&T
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​Now you can buy a new home with Fannie Mae's NEW HomeReady™​ program! Click below to get the details!

Download the App!

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Learn More about HomeReady​™!

Apply for a Home Mortgage Loan Now!

Apply for a home mortgage loan securely online through these trusted lenders below. Click the buttons to start!
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Apply Securely Online!
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Apply Securely Online!
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Apply Securely Online!
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Apply Securely Online!
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Visit Website
Sales Center Location:
901 E. Washington Street
​Nashville, N.C.  27856 
Sales Center: 252-459-7132
Fax: 252-459-3602
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www.frankshomeplace.com
Hours (Spring/Summer):
Mon - Fri: 9am - 6pm
Sat -  10am - 4pm
Sun - CLOSED

About FHP
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Contact
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Home Search
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Homebuyer Help
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© 2019 • Frank's Home Place, Inc. • All rights reserved

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www.frankshomeplace.com
Address:
901 E. Washington Street
Nashville, N. C.  27856
Sales Center: 252-459-7132
Fax: 252-459-3602
Winter Hours: (November -March)
Mon - Fri: 9am - 5pm
Sat: 10am - 4pm
​Sun: CLOSED
Proud Member NCIRG!
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About

  • Our Friendly Staff
  • Privacy Policy

Home Search

  • Model Homes
  • Champion Homes
  • HBS Homes
  • Crestline Custom Builders
  • Cavalier Homes
  • Clayton Oxford
  • NOW Series
  • TRU Homes
  • FSBO 
  • Bank Owned Homes


Homebuyer Help

  • Home Financing
  • 5 Step Buyers Guide
  • FHP Builder Package
  • Estimated Cost Proposal
  • 2-10 Home Buyers Warranty
  • County Inspection Links
  • FHP Turn Key Pricing
  • How We Price Our Homes
  • Mortgage Calculator
  • Customer Homes Gallery
  • Testimonials
  • Mobile Home Parts

Contact

  • Contact Us/Directions
Frank's Home Place, Inc. • Copyright © 2018 • All rights reserved 
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