California Manufactured Home Lender Sees Record Increase in Manufactured Home Loans

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Southern California lender New Horizons Mortgage Concepts, Inc. reports record highs in interest and in volume of loans for Manufactured Homes.

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New Horizons Mortgage Concepts, Inc.

Increase has been in excess of 1000%

California Manufactured Home Lender New Horizon Mortgage Concepts has seen record increases in their Manufactured Home Financing in recent years. Even taking into consideration the fact that Manufactured / Mobile Home Financing is their specialty, the Company is has never experienced this type of growth in any particular type of Financing Program before.

Their 1st Quarter through 3rd Quarter increase has been in excess of 1,000% from Business Years 2013 through 2015. In addition, at the end of the 3rd Quarter 2015, they are already over Half a Million Dollars ahead of their 2014 Year End Totals and well on their way to achieving their 2015 Goal of Four Million Dollars in Manufactured / Mobile Home Loans.

New Horizon Mortgage Concepts Broker Ken Soderlund attributes this to a number of factors:

“People are realizing that Manufactured / Mobile Homes are an excellent value and that they are being built to a consistently high standard. In addition, they can be “customized” to suit almost anybody’s taste including Stucco and Adobe Finishes and there are a wide variety of floors plans are available as well.

We recently provided Financing for a Manufactured Home that even had a Wine the bar has been raised to say the least. I also believe that one reason New Horizon Mortgage Concepts has been so successful in this genre of Financing is that we can provide any type of Loan for a Manufactured / Mobile Home...from Conventional to Government Programs such as FHA and VA Products. We can even help someone purchase a Manufactured / Mobile Home with a Reverse Mortgage.”

Although finding Financing for Manufactured / Mobile Homes in the past has often proven to be challenging, New Horizon Mortgage Concepts has made it a “niche” component of their Lending Portfolio and the availability of Financing has in turn drawn more Buyer’s to this Housing Option.

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Ken Soderlund

Ken Soderlund
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