Arthur Menaldi specializes in selling foreclosures, offering new listings every week in Ohio, California, Florida, and Nevada, and referring the rest of the states. For Florida inquiries, call Liz at
689-323-2778 for REO / Foreclouse Expert, and for other states, contact Art at
909-844-2886.
hudhomestore.gov representive - Arthur Menaldi and Liz.
Own Your Home Today - Why Rent When Ownership is Within Reach?
Unlock Homeownership: Cheaper Than Renting
Why continue renting when owning a home is more affordable and accessible than ever? Our tailored programs are designed specifically for first-time buyers looking to settle into a comfortable 3-bedroom, 2-bath modular home in prime locations like Nevada, Ohio, California, and Florida. With free grant money available to help with your down payment, the path to homeownership is clear and straightforward.
Discover the Benefits of Modular Homes
Modular homes offer a unique opportunity for homeownership with all the comforts and quality of traditional site-built homes but at a fraction of the cost. Take advantage of our exclusive financing options through our partnership with approved lenders and start the journey to owning your dream home today.
Specialized Financing for Modular Homes: Advantage Modular Financing
We understand that financing can be a barrier to homeownership. That’s why we offer Advantage Modular Financing, a program designed to help you finance your manufactured home with favorable terms and conditions. This program includes options like cancellable mortgage insurance, which can be removed once you reach 20% equity, saving you money over the life of your loan.
Manufactured Housing Product Matrix by Fannie Mae
Fannie Mae is committed to expanding affordable housing by supporting loans for manufactured housing. This commitment is part of our mission to provide liquidity in markets essential to many Americans, particularly in high-cost and rural areas.
Eligibility Highlights:
- Standard Manufactured Housing (MH): Eligible for loans secured by MH titled as real estate.
- MH Advantage®: Focuses on homes that meet certain construction and architectural standards akin to site-built homes, including energy efficiency requirements. Homes must feature an MH Advantage sticker from the manufacturer in compliance with Fannie Mae standards.
Financial Benefits:
- Cancellable Mortgage Insurance: Achieve 20% home equity and cancel your mortgage insurance for cost savings.
- Flexible Credit Requirements: Financing available for borrowers with credit scores starting at 620; better pricing options for scores ≥ 680.
- Interest Rate Buydowns: Eligible homes can benefit from temporary interest rate buydowns, enhancing affordability.
Why Choose Conventional MH Financing?
Opting for conventional MH financing with Fannie Mae means accessing a variety of benefits that can make homeownership more affordable and attainable:
- From more affordable paths like single-width MH to homes resembling site-built properties through MH Advantage, we cater to a wide range of housing needs and preferences.
- Temporary interest rate buydowns and cancellable mortgage insurance contribute to long-term savings and improved affordability.
