Living Southern Homes knows that financing is especially critical in these economic times. Each customer has different financial needs and expectations. This is why we maintain relationships with numerous financial sources to give the customer a choice of banks to determine which is the best option for the customer.
Living Southern Homes' financing encompasses many aspects, whether you're buying the home without land, using land in lieu of a cash down payment, combining land and home assets, or dealing with a less than average credit rating. Living Southern Homes will help guide you to the best financing available for you and your loved ones to enjoy your new home.
These loans are for the purpose of combining your owned land or land that you wish to purchase with the manufactured home that you are buying. In this case a mortgage would be filed and property taxes will be assessed annually. The benefit of this type of loan is that customers with mediocre credit may be able to qualify. The land-home process generally takes longer than other types of loans.
This type of loan is similar to a Chattel loan only you may use owned land in lieu of a cash down-payment. You may also use a combination of both land and cash for your down-payment.
This type of loan is when the customer is buying the home by itself without using land. This type of financing typically requires a down-payment of at least 5% of the price of the home (incl. tax). A higher down-payment will result in a lower rate of interest and may increase your ability to buy your home.
Living Southern Homes also offers a Credit Repair Program for customers that do not meet the minimum credit score requirements for our finance companies. This program is a free program for our customer and takes around 35-45 days to complete.