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      <h3>Mobile Finance, Inc Offers Mobile Home Financing and Refinancing In Ohio</h3>
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      <i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: Troy James<br>
      Posted: 2008-12-03 07:48:38</i>
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      Mobile Finance, Inc specializes in mobile home loan programs offering mobile home financing and mobile home refinancing. Our mobile home refinance program offers debt consolidation.Manufactured homes meet a variety of housing needsManufactured homes are the fastest-growing type of housing in the U.S. for two reasons: affordability and value. This type of housing is the answer for thousands of Ohio residents who haven't been able to qualify for their own homes at today's prices. With site-built housing costs averaging $164,217 (without land), many residents are priced out of the market, especially if they are young, or have single or fixed incomes.Manufactured homes are single-story and delivered to the home site in one, two, or occasionally three sections. Flooring, cabinetry, fixtures, appliances and plumbing have been installed at the factory. If the home has multiple sections, the sections are joined at the site, with minimal finish work completed by the installer, such as the joining of carpet and the connection of utilities. Manufactured homes may be placed on private property or in a manufactured home community.Mobile Finance, Inc offers mobile home loan products to qualified applicants to purchase a new or used mobile home, or, to refinance an existing mobile home loan. Mobile home loans that are offered for homes that are on rented land such as a park are called "chattel mortgages"  and mobile homes that are situated on their own land and the lender is financing both the mobile home and the land together is a real estate mortgage. Interest rates are typically higher and loan terms shorter for chattel mortgages since the lender is not securing the real estate with the mobile home.Typical Mobile Home Financing and Refinancing Guidelines:<br>Double wide mobile homes 1976 and newer<br>Single wide mobile homes 1993 and newer<br>Down payments as low as 5% for homes 1993 and newer<br>Mobile homes must be on rented land such as a park<br>Minimum 660 credit scores and above<br>Debt to income ratio cannot exceed 45%<br>Housing ratio cannot exceed 34%<br>Minimum 700 credit score for debt consolidation refinance<br>Home values are based off of NADA or Appraisal*Meeting the minimum guidelines does not guarantee approval. This information is to be used for guideline purposes only. All finance programs have qualifying criteria and are subject to change without notice.About the authorTroy James creates articles about mobile home financing and mobile home refinancing. He has over 20 years of experience offering mobile home loan programs to dealers and directly to customers.  http://www.mobilefinanceusa.com
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