Problems in refinaning

[Adriene]

GreenTree will only do upto 5 yr old mobile homes/with land and mine is a 1989 and concso is out of business.
Thanks so much for everybodys respones, My next step is a litagtion lawyer because something needs to be done about this, I mean this is like owning ocean front property in arizona! And a auto loan telling you they can't fiance you auto because is not a BMW !

Thanks Everybody!
Adriene

[karen]

This would look better printed out, but I hope this will be of some assistance to you. There are phone # and email addresses.


COMPANY NAME CONTACT/PHONE E-MAIL/WEB SITE
Chase Dee Szelpal800-255-6761 http://www.chase.com/[email protected]
1st Associates Richard W. Moore800 275 3262 [email protected]://1stassociates.com
Hammond Securities Kristin Baird 888 299 8009 [email protected] http://www.hammondloan.com
Western Finance Angelynn Ribali 800-418-9743 [email protected]://www.westfi.com/deal.html
IBF Consumer Loan Kathy Benoit 800-786-8602 X121 [email protected] http://ibfconsumer.net/
Home Loan Corp. Mike Hill 800-870-6678 [email protected] www.mikehill-hlc.com
Northstar Financial Ryan Nelson800-756-2754 x225 [email protected] www.northstarfinancialgroup.net
New SouthFederal Savings Wanda Best 888 278 0429 [email protected] http://www.newsouthfederal.com
Neustar Financial Paul Meachum 800 645 9411 [email protected] http://www.neustarinc.com/
Origen Financial Mark Jones 866 467 4436 [email protected] http://OrigenFinancial.com
Triad Financial Carolyn Proffitt 800 522 2013 X270 [email protected] http://www.triadfs.com
Construction Funding Corp. Mark White 254-644-1936 [email protected] http://WWW.COFUNDCO.COM
Guaranty Residential Lending Aleta Caldwell 919 816 9394 [email protected]
Pinnacle Manufactured Funding Phil Carr972-342-2242 [email protected] www.pinnaclemanufactured.com
First American Mortgage, Inc. Steve Peyton 888-292-4488 [email protected] www.famloans.com
Allied Home Mortgage Capital Corporation David Weaver 602-953-5395 [email protected] www.mnfhomeloan.com
Forward Financial Co. Mike Arnold800-854-4350 [email protected] www.forwardfinancial.com
Continental Capital Clyde Rowland888-514-4663 [email protected] www.landhomefunding.com
MHFCNY NJ PA OH VA MD MA MEOR IA WA WV FL CT David Frank866-426-6432 [email protected] www.MobileFinancing.com
21st Mortgage Corp. Bart Mize(800)955-0021 [email protected] www.21stmortgage.com
Manufactured Home Finance David Dahle(866) 557-1963 [email protected] www.mfghmfinance.com
Land Home Financial Services Brad Smith800 940 5602 [email protected] www.lhfinancial.com

[rmurray]

Of the long list posted here...this one will for sure do your business..Others might also...T^he list of FAQ is from their web site..they have an online application...

www.21stmortgage.com

Q. Does the home have to be on permanent foundation?
A. No. We can do singlewide and doublewide homes that are on or off permanent foundation. This allows financing for homes on rental land, in parks, leased property or family land.



Q. What is the maximum loan to value?
A. Up to 95% LTV on a purchase. Closing cost can be financed on top of the loan or seller concessions may be used. Credit scores will make the final determination of LTV.



Q. Is Homeowners insurance required and how much?
A. The borrower must provide proof of one year full coverage at the time of closing. We offer
competitive insurance rates. If 21st Mortgage's policy is accepted, it can be financed.



Q. Who orders the appraisal, title work, loan closings and etc.?
A. 21st Mortgage will order all necessary work on the loan. We will select the appraiser. The realtor, dealer or the customer may select the title company.



Q. Where do the loans close?
A. On a home only loan, the realtor dealers hold the closing, or we will mail the documents directly to you. A notary must notarize several forms. Funds will be disbursed within 48 hours after we receive the closed loan package back in our office. (Note: By law we are unable to pay commissions directly to the realtor – this must be arranged for the seller to pay out of their proceeds.) On a land / home loan, all real estate transactions must close with a title company or attorney. Funds will be disbursed at the closing table.



Q. Can the customer get pre-approved for a specific loan amount?
A. Yes. When you send in the loan application, simply make a note this is a pre-approval. All approvals are subject to the home receiving the value needed.



Q. Can the home be purchased through a dealer?
A. If your customer is purchasing land and would like to consider a new manufactured home to place on the property, we would love to finance a new manufactured home from a dealer. In these situations, we must work directly with the customer and not with the dealer.



Q. What age of a home can be financed?
A. As far back as HUD will go – 1974.



Q. How long does it take between loan application and closing?
A. Home only – approximately three to five days
Land / home – approximately three weeks
Our closing department will schedule closings.



Q. What closing fees are charged?
A. Our closing fees will vary depending on the customer's credit scores and the rate we are able to obtain. All closing cost can be financed into the loan if necessary. Seller concessions are also acceptable up to the full amount of closing cost. We do not escrow any taxes/insurance except for conventional conforming mortgages.



Q. What about the survey and termite letter?
A. 21st Mortgage does not require a survey on the property unless the Title Company is unable to provide title insurance without one. If the customer request a survey, they must pay for it out of pocket. We will not finance the cost of a survey unless it is a requirement of the Title Company.

[Adriene]

Karen I printed out all of your suggests and I'm going to call them today! Thanks
Murray, 21 you have to have really good credit I think they said fico score has to be 650 or higher sorry but mine is like 620 thanks anyway:(

[rmurray]

That is a different set of problems....620 is below the score required by every prime lender for what you want to do...

FICO score change almost daily...You might want to find out what you have to do to get yours up...It might be very simple..such as pay down 1 credit card..of redistribute your debt amoung the cards you have...

You might want to go to www.MYFIco.com They have a service and fico calculator that you can change things on your credit file and see how it effects your score..

[DebiJoy]

Adriene, with the VHDA loan I told you about above, you can have a lower credit rating score than conventional banks. The mortgage rates are a bit lower as well. They are there to help out Virginians who need it.

[Bobby]

Well If We had the money We would loan it, We are Americans and we stick together ------

[Louis R. Moran]

I live in Elgin, Texas Bastrop County near Austin Texas. I have a singlewide that was put on peir & beam per FHA requirement to get the loan. It sits on 2.5 acres of land. It is a FHA loat at 8.75 fixed and I have been told that I could get a streamlined refiance mortgage real easy according to FHA. Well I went to CTX Mortgage they went through the process even did a appraisal but was just told today 7/18/03 that the main office doesn't do singlewides no matter what !!. I can't find someone who will do it. They were very rude almost called me trailer trash !!. Don't do business with CTX Mortgage David McMillan 512-498-3600. I tried HUD , FHA and to know end . Any advice ?. Louis R. Moran

[Louis R. Moran]

As you can read my message in the group I went through the same process just last week the last minute it was pulled because they relized it was a single wide. Have you found out anything people like us can do ?. If I do I will get back with you. Louis R. Moran , Elgin, Texas

[Adriene]

I am stilling writing letters to anyone I can find but no returns yet! Will keep you updated!