Notes and Opinions from one of Arizona's Most Trusted Loan Teams

Mortgages secured by manufactured homes and land took another significant hit today with the closure of Taylor, Bean & Whitaker, a major mortgage company. Taylor, Bean was very broker-oriented and its brokers brought in millions of dollars worth of financing packages on both FHA and Conventional manufactured home loans every day. With the recent exodus of Bank of America (wholesale) and Flagstar Bank (wholesale), competitive sources for this type of financing have become rare. Manufactured homes are a significant portion of Arizona's housing stock and have been the thrust of our business for 25 years. We are de-emphasizing this product line due to the shortage of viable outlets for the loans.

We have excellent sources for conventioal loans to $417,000 with superb rates and great service. Additionally, we offer "Jumbo" loans up to $1.5 Million. Call anytime for info.


Posted by Jon Laird on August 5th, 2009 8:47 PMPost a Comment (0)

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