Your Financing Options
YES! Financing is STILL out there for both used and new prefab homes! Excellent to Good Credit? As one of the premier manufactured homes dealers in the state, Preferred Homes offers sound advice on getting the best financing for your needs. Unlike many retailers who leave you on your own to find lenders, we will connect you with the right banks to help you obtain your dream manufactured home. Call us today to see what we can do for you!
Our Credit Analysis Will Answer:
- What type of financing options are available
- What to expect for a down payment
- What loan value you could be approved for
- What monthly payment range to expect
Please note: If you have filed for bankruptcy, manufactured homes dealers require you to have been discharged for at least two years with re-established credit to apply for a loan. If you have had a foreclosure or a short sale, you will need to wait at least three years before applying for a mortgage. The most important thing to do after either of these situations is to reestablish your credit. Go to your local bank and start with a secured loan if you are unable to obtain other forms of credit.
Unsure of Your Credit?
There are loan options for many different credit situations. Call us today to see what we can do for you! Most lenders prefer to see scores of around 670 or higher. Depending on the loan, however, some will go as low as 580. Remember – the lower the score, the higher the required down payment!
Unsure of what your credit score is? Like other manufactured homes dealers, Preferred Homes offers a free credit analysis! Our credit analysis will answer these four important questions about financing a manufactured home- with absolutely NO obligation!
After Pre-Approval, Start Gathering the Following Documents
- Driver’s License
- 2 months of bank statements for the account that your down payment is coming from
- W2’s (for each applicant for past 2 years, self-employed need 2 years complete federal tax info)
- Pay Stub (dated after the application date) or Awards Letters (must receive child support or any other fixed income for at least 3 years to use for financing purposes)
If the Home is Going on Private Property, Please Also Gather:
- Copy of property deed
- Site bid quotes
- If the land is NOT in your name and you are doing a “Home Only” loan, you will need written permission from property owner
If the Home is Going into a Park, You Will Need:
- Signed park lease
- Signed Park Incentive Form (If park offers move-in incentive!)
We Are the Financing Experts!
Get started today and we can help you through the whole process.
We absolutely love our home. We had a thunderstorm a couple of weeks ago and our dog is big time afraid and shakes, well we couldn't even hear the thunder in our house!!!!! I could not believe it. Built very solid.
I have personally know the founder, Kim Arnold, since the late 70's. You are not going to find a more honest person to deal with or to buy a home from. My family has been in the manufactured home business since 1961. We have always referred people to Preferred if and when they need something we can't help them with. They have hauled dozens of homes for us over the last 40 years. Always with a handshake and a smile. If your looking for a new manufactured home, go see the fine people at Preferred. Tell them Bill sent you.
We currently are going thru the process with them and it has been awesome. Really good customer service...right before we closed on the house I ended up going into labor and had a baby. They sent flowers and a teddy bear to the house we are currently living in. Extremely thoughtful!!!! Has gone above and beyond would extremely recommend them. Even some bumps in the road we have hit they always make it right...awesome people!
We just toured homes and signed papers for purchase of one yesterday! Tim was so helpful, and didn’t try to push us to purchase. He was very knowledgeable about the homes we viewed, and I’m looking forward to working with the rest of their staff in completing our journey in purchasing our new home!
The staff at Preferred were all so amazing! Thanks for getting us into our dream home!
A Satisfied Customer
Your office staff was very helpful. The set-up crew was very careful and conscientious to detail. Thank you for helping us get a beautiful home! It was a pleasure working with you all!
The office personnel was very helpful and friendly. Thank you for the courteous service.
"As we have been searching for a home for many months, it has been difficult fighting discouragement. I have been telling my family that the right house and the right people would happen in Gods time. We are truly blessed. Our prayers were answered! Thank you for everything, Wendy. We are very, very, very happy!"
Dan, Michael, and Chris
My wife and I purchased a home from Preferred to place on land. The experience was fantastic and the home is beautiful. Everyone from the Sales person to the other office girls, Mary & Sherri, through the Set-up, Service, Drywall crews and the owner went above and beyond in every area! I would HIGHLY recommend Preferred to everyone I know and if we ever planned to move again we would order from Preferred and do it over again.
Matt and the staff at Preferred Mobile Homes do an excellent job getting back to me when I contact them about our mutual clients. Their service is always top notch and professional. I would recommend Preferred Mobile Homes to everyone I know. Great job team!
We are currently in the process of having our new home finished with Preferred Homes. It has been delivered and the outside has been put together and finished. We are still in the process of having the inside done. So far we are really happy with Preferred and all the crews that they have had do work for us. We would recommend purchasing from them. The sales staff was very helpful in dealing with the factory and us. We did a custom floor plan and they were very accommodating with the living arrangement we were looking for.
Totally amazing staff!!!! Homes were staged JUST LIKE HOME!!! Never seen anything other mobile home store like it!!!! Amazing place. Would definitely recommend. Thank you for your knowledgeable help!!!!!