We have special VA loans for veterans in need of financing for manufactured and modular homes. While many manufactured home financing companies do not offer VA loans, Cascade offers these loans to qualifying veterans with a credit score of 620 or higher. Our VA loans can cover 100% of the loan cost, meaning $0 down payment.
An interest-only home loan can make monthly mortgage payments a lot more affordable, but you won’t actually pay down your principal balance. However, you can still gain home equity if property values rise over time.
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Interest-only mortgages are ideal for borrowers who want an affordable monthly mortgage payment and don’t plan on staying in a home more than a few years. If you have a fluctuating income –.
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Land/Home loans are not available in the following counties in the state of IL: Cook, Kane, Peoria and Will. Loan Amount – minimum loan amount is $21,549 for person-to-person lending and $13,468 if you are purchasing from a retailer. Down Payment Requirement* – as little as 0% of the purchase price on primary residences. Buy-For and.
Interest-only home loans Interest only loan repayments start lower because you just pay off the interest. You pay more interest in the long run, but for the right borrower it can be a good option.