JACO Sales - Alex City | 1201 Hwy 280 | Kellyton, AL 35089 | 256-500-4305
Alexander City, AL
Thank you for your interest in Jaco Sales LLC, your premier destination for mobile and manufactured homes. We appreciate the opportunity to help you finance your new home purchase, even if you have bad credit or a poor income. Our team is available to assist you with the financing application process, whether it's in person at our office located at 1201 Highway 280, Kellyton, AL, or online through our trusted partners 21st Mortgage and CIS Home Loans. We understand that financing is a crucial step in the home-buying process, and we are committed to helping you secure the financing you need to make your dream of homeownership a reality.
Please take your time and be thorough in answering questions on the application. We encourage you to contact a sales associate at 256-500-4305. The sales associate can give advice and answer any questions you may have during the application process.
Please keep the following in mind when applying:
Good luck and you may begin the process by clicking one of the links below. Please do not hesitate to call and talk to sales associate at
256-500-4305. We are here to help you!
Financing manufactured homes with bad credit can be extremely challenging. Traditional banks and mortgage lenders may be hesitant to approve a loan for a mobile home, as they may view them as less secure investments compared to traditional stick-built homes. However, there are options available for those looking to finance a mobile home with bad credit. One option to consider is a personal property loan, also known as a chattel loan. These types of loans are specifically designed for mobile homes and are secured by the home itself, rather than the land it sits on. Personal property loans can be obtained through specialized lenders and can often be obtained with a lower credit score.
Another option to consider is a FHA loan, which is insured by the Federal Housing Administration. FHA loans can be a great option for those with bad credit, as they typically have lower credit score requirements compared to traditional loans. However, it is important to note that there are minimum credit score requirements for FHA loans, so it is important to check with a lender to see if you qualify.
It's also important to note that there is a difference between financing a manufactured home and financing a mobile home. A manufactured home is a type of pre-built home that is built in a factory and then transported to a piece of land to be set up, whereas a mobile home is built on wheels and can be moved from one location to another. If you're financing a manufactured home, it must be permanently affixed to a foundation and comply with the HUD code to be eligible for most types of financing.
Mobile home financing for bad credit can also include refinancing options, which can help lower the interest rate on an existing loan. However, it is important to keep in mind that refinancing a mobile home loan can also be difficult, especially if you have bad credit. It's important to work with a lender who has experience with mobile home refinancing and can guide you through the process.
Overall, financing a mobile home with bad credit can be a challenging process, but it's important to remember that there are options available. Whether you're looking for a personal property loan, FHA loan, or mobile home refinancing, it's important to do your research and work with a lender who has experience with mobile home financing for bad credit. While it may take more effort to find the right loan, with the right lender and the right loan program, it's possible to get approved for the manufactured home loan you need to make your dream of homeownership a reality.
We have finance options to suit most credit scores. Our lenders will determine your purchasing power based on provable income, credit history, etc.
Your down payment is determined by the finance company and can range from 0%-35%. Land may be used as collateral and trade-ins are welcomed.
This is determined by the buyer. The sooner you provide the required documents, the faster the process.
Monday-Firday: 8:30am - 5:30pm
Saturday: 9:00am - 2:00pm
Sunday: By Appointment. Please Call.
Closed on all major holidays.
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