CONSTRUCTION TO PERMANENT FINANCING

ONE-TIME LOAN CLOSING

Finance: Land Payoff, Manufactured/Modular Home Factory Invoice, On-site Construction Costs, Eligible Borrower Closing Costs

The FHA One-Time Close is a great financing tool that allows the borrower to finance the cost of the land, home, construction and qualified loan closing costs all in one loan closing. The manufacturer gets paid on their invoice prior to the home leaving the factory. The Retailer/Contractor can finance the construction hard and soft costs and they are not required to qualify for the construction financing. Construction begins after the loan is approved and closed.

Higher Loan to Value than traditional construction financing - 3.5% down payment, FHA's maximum 96.50% loan.

Flexible FHA Underwriting - FHA has more flexibility in qualifying ratios than most community bank programs.

You make NO mortgage payments during the course of construction!

One Closing - Traditional roll-over loans require you to close on the construction loan; then close on permanent financing once the construction phase is complete. Our programs allows for a ONE TIME closing.

Flexible Draw Schedule - Only draw the funds required to minimize construction interest.

Peace of Mind - Government Insured Financing

WHY, WHY, WHY???

Yes, we know the stigma of the “trailer home”. But did you know that factory built homes are precision built within a controlled environment utilizing quality materials? They are engineered for specific site, model, climate and conditions in the buyer’s neighborhood.

Why? Here are a few more reasons why:

Less material waste equals cost savings

Flexible floor plan options allow you to build the home of your dreams at price you can afford!

Energy efficient – yes “Green” conscious and optional solar design means lower utility bills

TO PREQUALIFY FOR THIS PROGRAM, PLEASE CLICK BELOW:

Borrower: http://www.ammloans.com/loanapplication

Retailer/Dealer: http://www.ammloans.com/manufinancing