Capital
Management is a
wholesale, sub-prime and Alt-A community lender. We currently offer
chattel financing in the South West,
financing programs are available
for:
The lending
requirements
for “home only” or chattel financing has become
increasingly stringent and many
previously eligible buyer/borrowers are not able to obtain funds to
either
refinance or purchase manufactured homes in parks or
communities. Capital
Management is breaking down many of the tight credit and home age
barriers,
erected by institutional lenders and is offering loans for borrowers
who have
recently emerged from foreclosure or bankruptcy and wish to purchase a
manufactured home in either condo (purchased lots) or leased land
communities.
REFINANCING
Double Wide Home
"If
the borrower has equity we have money",
(for debt reduction or cash
out)
This
program can accommodate home owners with sub-prime credit,
stated income
and even those whose credit score has been negatively impacted due to a
unique
occurrence. To keep payments low, the loan term can be stretched to 180
months. Conversely, if a home owner experiences a short term
cash crisis
we can offer "bridge loans" starting for one month or more. The only
up front cost, to the home owner, is for the appraisal as Capital
Management
funds all closing costs. Owners may borrow up to 60% of the
home’s appraised
value, loans available from $10,000 to $100,000, 24 hour funding after
all
conditions are satisfied.
PURCHASE A HOME
Single Wide Home
New or
used, park model, single wide or multi-section are all eligible for
financing.
Our loan programs can accommodate buyers with sub-prime credit, stated
income and
even those who have recently emerged form a foreclosure or bankruptcy.
To keep
payments low, the loan term can be stretched to 180 months.
The only up
front cost, to the home owner, is for an appraisal and insurance as
Capital
Management funds all closing costs. Borrow up to 90% of the
homes home’s
appraised value, loans available from $10,000 to $70,000 and we can
fund
within five working days!
