They may be called “specialized” loans, but they appeal to a wide range of borrowers.
We offer a wide range of home loans for stick-built and site-built homes, including limited and zero down payment options for your clients. As a trusted FHA, USDA, and VA lender, we have over 20 years of expertise in guiding clients through the loan process. Check out some of our lending options below.
One-Time Close (OTC) Loans
The OTC Construction-to-Permanent program provides all-in-one financing for construction, lot purchase/land payoff, and permanent mortgage funding with one closing. Designed for modular, stick-built, and manufactured homes, our One-Time Close lending options can minimize your risk and generate cash flow.
PERFECT FOR: Clients interested in building a home, but may not think they can afford it.
Down Payment Assistance (DPA) Advantage
DPA Advantage — for which eLEND® is the administrator — is designed to provide down payment assistance in the form of a grant equal to 2% or 3.5% of the purchase price to a wide variety of eligible borrowers. DPA Advantage is offered by a governmental entity and may be used with the FHA 203(b) program or any of our FHA renovation programs, including the FHA One-Time Close program.
PERFECT FOR: First-time and moderate-income home buyers as well as many service professionals, including first-responders, educators, medical personnel, civil servants in a federal, state, or local municipality, and military personnel.
Factory-Built Housing End Loans
eLEND® offers a comprehensive suite of Factory-Built Housing programs for borrowers, including FHA, VA, and USDA, to help meet the growing segment of the housing market.
PERFECT FOR: Home builders who don't want to use a One-Time Close loan.
VA Loans
One of the government-backed programs eLEND® provides — and among the few remaining “no money down” loans available to eligible buyers.
PERFECT FOR: Active military personnel, veterans, and surviving spouses.
USDA Loans
Another government-backed program offering up to 100% financing for eligible borrowers. Not just for farmers. In fact, you might be surprised how broad the definition of a “rural” property is!
PERFECT FOR: Home builders/retailers with Low and moderate income clients in rural areas.
In addition to providing a variety of loan programs, we invite you and your clients to explore our comprehensive resources in the Mortgage Education Center.
Some restrictions and limitations apply. Contact eLEND® for program details.