Financing

Financing

The types of loans that we offer are as follows:

Home Only: This type of loan uses only the home as collateral. The home may be located in a park, on your land or on third party land.

Home and Land: This type of loan allows you to finance your land and the home in a single payment. The land can be land you propose to purchase or land you already have under contract.

Land-In-Lieu: This type of loan allows you to use equity you may have in your land instead of using cash for a down payment.

We offer FHA, VA, and Conventional financing at the lowest rate on the market. Terms are up to 30 years. Down payments are as low as 3 1/2% on most programs.

Can you afford to rent?

If your rent per month is… You will pay this while losing tax benefits and appreciation.
IN 3 YRS. IN 5 YRS. IN 10 YRS.
$350 $13,900 $25,600 $66,900
$400 $15,900 $29,300 $76,500
$450 $17,880 $33,000 $86,220
$500 $19,860 $36,630 $95,625
$550 $21,846 $40,294 $105,187
$600 $23,832 $43,957 $114,750
$650 $25,818 $47,620 $124,304
$700 $27,804 $51,283 $133,874
$750 $29,790 $54,946 $143,437
$800 $31,776 $58,609 $152,999
$850 $33,762 $62,272 $162,562
$900 $35,748 $65,935 $172,124
$950 $37,734 $69,598 $181,687
$1000 $39,720 $73,261 $191,249

Consequences of Renting:

  • Loss of huge tax break
  • You live someplace belonging to someone else
  • You pay someone else’s mortgage
  • No tax breaks to landlords mean higher rent

Own your own land?  Then you are approved with ZERO down payment!

Call for details-Sherman location 903.868.2577 Denison location 903.465.7018