Financing

Applying for Financing

  1. Click on the button below to open the form
  2. Download the digital fillable form
  3. Fill out the form and save the changes*
    1. NOTE: You can fill out the PDF on your browser THEN download it to save your information, OR use ADOBE PDF READER (free version or paid), Download for free here.
  4. Email the filled out and saved form to our representative: tihde.research@gmail.com

#1 Modular Home Loan Program

30 Year Fixed Interest Rate

  • Same Day Pre-Approval
  • Quick Closings: 30-40 days
  • Hassle Free Mortgage Process
  • One Closing Construction Loan
  • Combined 32 years of mortgage experience
  • Closed over 5,000 mortgages combined
  • Gold "Old Fashioned" Customer Service

How Citizens Bank Calculates LTV:

Lien on the land: $50,000
Cost of Construction: $300,000
Appraised value subject to completion: $440,000

Our LTV is calculated off the cost construct
Max loan amount: $352,200 ($440,000 x 80%)
Borrower funds needed: $0 + $2,200 can towards closing

How Most Lenders Calculate LTV:

Lien in the land: $50,000
Cost of Construction: $300,000
Total: $350,000

LTV  is calculated off the total cost to construct-instead of Appraised Value

Max loan amount: $280,000 ($350,00 x 80%)
Borrower funds needed: $50,000
$350,000 - $280, 000

#1 New Construction 30 Year Fixed Rate

Modular Homes factory Direct

  • One Closing within 60 days of application
  • 12 month Construction Term
  • Interest Only during Construction, fully amortizing for end loan at the same rate.
  • No Builder Approval
  • Portfolio Product
  • No Down payment when borrower owns the land
  • Maximum 90% LTV for Primary Residences
  • Maximum 80% LTV for  Second Homes
  • Minimum Credit Score of 660
  • Same day Pre-Approval
  • Financing available in most states
  • 10% down no PMI
  • Dedicated team for construction loans
  • Flexible underwriting guidelines for LTV, credit score and debt ratio

Meet your #1 Modular Home New Construction Mortgage Team

Debra Botulinksi

Mortgage Loan Originator

NMLS #460206
Mobile: (908) 400-8040
Office: (732) 383-1445
E-Fax: (844) 445-0942
Email: debra.botulinski@citizensbank.com
Site: https://lo.citizensbank.com/dbotulinski