Lenderly offers many different types of loans, along with the knowledge and experience to explain each one and tailor it to your needs. You can read more about each of our loan options here.
Ideal for: individuals who have down payment funds available.
A conventional loan gives you the flexibility to make a small or larger down payment, depending on your needs.
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Ideal for: homebuyers who may not have the resources for a large down payment.
Backed by the federal government, the FHA loan is a popular program for first-time homebuyers and individuals and families with low and moderate income levels.
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Must be double wide; no single wide housing allowed (unless located in Fannie Mae-approved subdivision, condo or PUD project development). Home must be attached to a permanent foundation system.
Ideal for: homebuyers or owners who want to purchase or refinance and remodel their home.
The FHA 203(k) enables homebuyers to roll the cost of repairs, renovation, rehabilitation* and home improvements into one monthly mortgage payment. If you’re looking to refinance your current mortgage to make changes, you can easily use the loan to pay for current tie-down requirements, soft spots on the floor (problems with moisture barrier), leveling for a sinking foundation, single pane windows, current electrical problems, and more.
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*Rehabilitation on a manufactured home must not affect the structural components of the structure that were designed and constructed in conformance with the Federal Manufactured Home Construction and Safety Standards and must comply with all other requirements for Manufactured Housing.
Ideal for: homebuyers who want to borrow and build their own home.
With 97% of U.S. land mass qualifying as USDA-eligible, including many suburban areas, you can buy land, or use land you already own, to build a home to your specifications.*
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*Housing Assistance Council, Washington, D.C. (9/2011)
Ideal for: veterans and active military.
If you’re a qualified veteran or currently active in the military, you can use your VA benefits to purchase a manufactured home with a 100% financing option.
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**Down payment and other figures shown are for informational purposes only and are not intended as an advertisement or commitment to lend. Not all borrowers qualify; contact us for a specific quote and more information on fees and terms.
Ideal for: homeowners who want to lower their mortgage rates.
Interest rates have dropped. This could be a good time to consider refinancing your current mortgage into a new one with a lower rate. You may want to refinance if:
Not all borrowers will qualify. Contact us for more information on fees and terms.
Equal Housing Lender
A division of Amerifirst Financial Corporation
950 Trade Centre Way, Suite 400
Kalamazoo, MI 49002
NMLS ID #110139
This is not a commitment to lend. Not all borrowers will qualify; contact us for more information on fees and terms.