Financing for mobile homes has significantly dried up and rates have gone through the roof. Rates on site built homes are at an all time low. Bayview's modular homes are site built homes! Additionally, site built homes qualify for all of the liberal qualifying and low rate permanent loans such as; no income verification loans; and home equity loans where a person can borrow 125% of the value of their home and use the cash for whatever purpose they choose. Insurance rates for mobile homes are twice the rate as for site built homes constructed to current building requirements.
Bayview can arrange your construction and permanent financing. Have credit issues or problem documenting your income? We can arrange no income verification loans or alternate financing for credit challenged customers.
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