How do we offer MH loans when other banks cannot? We have carved out a niche in loaning on Manufactured Homes because of our unique approach to lending. Typically, customers will come to us with lacking credit / income but with valuable and illiquid property. We start the process by having them sign a "quitclaim" deed for their land.
We then fund both the Manufactured Home and the property improvements upon the legal agreement that it will be sold back to the original customer when the project is finished. Vacant land with no utilities makes for a hard sell when trying to obtain a loan from a bank. However, when we finish installing your home it is much easier for a bank to appraise the home and give a requisite loan. This loan is inherited by the customer, and they now have a brand new mobile home to live in!
Using C2B bypasses the tedious requirements of the typical construction lender. The overall approval process is easier. You can start building immediately, knowing that funding will be a lot faster and simpler with C2B.