|
|
Great
Northern Mortgage
Lowell Cochran |
|
4640 SW Macadam, Suite 90
Portland, OR 97006 |
Phone
503-972-1903
Fax 503-972-1987 |
|
Email
lcochran@gnorthern.biz |
Expert at Finance Loans for
Manufactured Home Communities and the Only Nationwide
Loan Program for Park Owned Homes (Chattel)
Manufactured
Home Community Financing Loans
-
Nationwide
-
$300,000 to
$20,000,000
-
Acquisition,
Refinance, Cash out
-
LTV = up to 85%
-
Highly
competitive rate programs
-
Flexible
prepayment options
-
Assumable
-
60 day locks
-
Low
application/processing appraisal fee $5,500
-
Declining
prepayment %
-
Up to 30 year
amortization
-
Fixed terms up
to 15 years
-
3 and 5 year
interest only available
-
With our divers
loan products we provide the best loan for your needs
-
Mezzanine and
second mortgages
-
Park owned
homes, RV's, vacancy factors O.K.
Park Owned
Homes Loans (Bulk Chattel Loans)
-
Current Interest
Rate as of 5-1-06 is 9%
-
Purchase,
Refinance, Cash out
-
80% LTV -
Purchase based on NADA Appraisal Guide
-
Call for
guidelines for refinance loans
-
No prepayment
fee, no appraisal fee, no maximum amount, no age minimum
-
12 Year
amortization
-
Provision for
individual home releases
-
Can finance 100%
of factory invoice for homes purchased directly from the
manufacturer
-
20 home minimum
for bulk finance program
|
|
|