Do you need a Chattel Loan?

How do you know if you need a Chattel Loan?  If the property you are looking at is a mobile on leased land, you need a chattel loan vs a regular home loan. Here is your life line:

I wanted to share some quick financing highlights that may be helpful for potential buyers of manufactured homes on leased land:

Key Points:

• 20- or 25-year term options
  
  
• 5% down for primary residences
  
  
• 15% down for second homes
  
  
• Homes built in June 1976 or newer
  
  
• No PMI required
  
  

Let me know if you have any questions or need any additional information.

Thank you,

	JOHN KEAN Senior Mortgage Advisor NMLS AZ863841, CA-DB1953628 | MB# 1043842 | NMLS# 2448666
	john@keanhomeloans.com 480-852-4600 keanhomeloans.com