Mobile Home Dealers, Mobile Home Retailers, Manufactured Home Dealers, Florida, California, Texas, Manufactured Housing, Mobile Homes For Sale
Home Page Mobile Home Parks For Sale Mobile Homes For Sale Mobile Home Park Loans Join our Free Newsletter Site Map
 

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


 

 

About Us         MH Associations         Landlord Tenant Laws         Articles         Advertise With Us       Forum