Direct to Investor Lending

Modular Homes

Investor Mortgage

PURCHASE. REFINANCE. CASH-OUT.

Best DSCR Modular-Home direct-to-investor financing. Fast approval, lowest rates, flexible terms. Qualify for a 30 or 40-year loan based on rental income.

Get pre-approved in minutes, no personal income documents or tax returns needed. Apply now!

No appointments necessary
Mortgage Bankers hours 8am-5pm (PT)

 

Contact Mortgage Banker

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    Direct Lender

    Modular Home

    Investor Mortgage

    Purchase. Refinance. Cash-Out.

    Best DSCR Modular-Home direct-to-investor financing. Fast approval, lowest rates, flexible terms. Qualify for a 30 or 40-year loan based on rental income.

    Get pre-approved in minutes, no personal income documents or tax returns needed. Apply now!

    No appointments necessary
    Mortgage Bankers hours 8am-5pm PT

    DSCR Loans are available in: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Missouri, Nebraska, New Hampshire, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming

    DSCR Loans are available in the following states: AL AK AZ CA CO CT DE DC FL GA HI ID IN IA KY LA ME MD MA MO NE NH OK OR SC SD TN TX VA WA WV WI WY

    Got 80 seconds? Watch our DSCR video!

    Got 80 seconds?
    Watch our DSCR video!

    Modular houses can provide good rental cash-flow for investors. They are typically less expensive to purchase than traditional site-built homes. Additionally modular homes are also often more energy-efficient than site-built homes, which can save money on utility bills.

    Here are some additional things to consider when investing in modular homes: 

    • Location: The location of your modular home is important for both rental cash flow and appreciation. You want to choose a location that is in high demand and has a strong rental market.
    • Size: The size of your modular home will also affect your rental cash flow. A larger home will typically rent for more, but it will also cost more to build and maintain.
    • Condition: The condition of your modular home is also important. A well-maintained home will be more attractive to renters and will command a higher rent.

    By considering all of these factors, you can increase your chances of success when investing in modular homes.

    Use our simple loan application process to accelerate the growth of your real estate investment portfolio.

     

    Built to rent  modular housing

    Built to rent modular housing

    REFI. INVEST. GROW.

    1-4 unit Modular Homes
    Financing

    BEYOND THE NUMBERS

     

    As a DIRECT DSCR MORTGAGE LENDER we make all credit decisions and exceptions in house:

    • Direct to investor lending:
      – Flexibility with in-house underwriting
      – Better deals without intermediaries
      – Faster pre-approvals
      – Faster processing, quick funding
    • No-limits on number of financed properties
    • No balloon payments
    • Low reserve requirement
    • Interest-Only (IO) option – available
    • Keep property under LLC – allowed
    • Non-occupant co-borrower – allowed
    • Foreign national borrower – allowed
    • First-time investor – allowed
    • Self-employed investors are welcome
    • Fast efficient closings of 1031 exchange
    • Excellent loan product for long term investors
    • Not a HARD MONEY Loan!

    Get a FREE
    Formal Lender Pre-Approval Letter

    No appointments necessary
    Mortgage Bankers hours 8am-5pm PT

    DSCR LOAN FEATURES

     

    • Borrow from $150,000 to $3,500,000
    • Purchase, Refinance and Cash-out loans
    • Get a 30yr Fixed rate, 40yr Fixed IO rate, or ARM loan
    • Interest-Only features are allowed for 40yr Fixed (10yr IO + 30yr P&I), and ARM loans
    • Interest rate buy-down option available
    • Cash-out up to $1,000,000
    • DSCR as low as .75 (Negative cash flow – OK)
    • Refinance up to 75% LTV (for SFR) Lower rates with smaller LTV
    • Purchase up to 80% LTV (for SFR) Lower rates with smaller LTV
    • No Prepayment Penalty after 36mo (Ask for shorter prepayment period)
    DSCR LOAN QUALIFICATION

     

    • Qualify on property’s rental income
    • No personal income verification
    • No tax returns or financials needed
    • No Dept-to-Income (DTI) Ratio
    • No Limit on financed properties
    • No lease is needed (Market rent can come from appraisal)
    • Use IO feature to calculate DSCR of Fixed or ARM loan
    • Gifts are allowed for Down Payment (subject to terms)
    • Minimum credit score 620 (Get better rate with higher FICO)
    • Low reserve requirement
    • No recent foreclosure or bankruptcy
    • Close mortgage in 7 days (after appraisal)
    BENEFITS OF MODULAR HOMES

     

    Modular Homes have always been an affordable, practical and convenient housing solution – and in the last decade, they have evolved to become a stylish, adaptable and modern housing option in their own right.

    Benefits of Modular Homes:

    • They are built to the same standards as site-built homes. Modular homes are built to the same building codes and standards as site-built homes. This means that they are just as safe and structurally sound.
    • They are often more affordable than site-built homes. Modular homes are often more affordable than site-built homes because they are built in a factory and then transported to the building site. This can save time and money on construction costs and can result in better cash-flow of rentals
    • They are more energy-efficient. Modular homes are often more energy-efficient than site-built homes. This is because they are built with high-quality materials and construction techniques.
    • They built in a variety of styles. Modular homes are built in a variety of styles, from traditional to modern.
    • Quick and easy long-term financing. You can get a 30 or 40 year DSCR mortgage for a 1 to 4 units investment property based on its current or anticipated rental income. Loan amount range $150,000 to $3.5 million. To qualify, we’ll check your credit and require a down payment (or refi equity). No income or employment verification, no debt-to-income ratio, no tax returns, no financials needed.
    • When financing Modular Homes, DSCR loans allow you to close title in your personal name, trust name or that of an LLC. .
    • A Modular Home is 1031 exchange eligible

    Get a FREE
    Formal Lender Pre-Approval Letter

     

    Beyond The Numbers

     

    As a DIRECT DSCR MORTGAGE LENDER we make all credit decisions and exceptions in house:

    • Direct to investor lending:
      – Flexibility with in-house underwriting
      – Better deals without intermediaries
      – Faster pre-approvals
      – Faster processing, quick funding
    • No-limits on number of financed properties
    • No balloon payments
    • Low reserve requirement
    • Interest-Only (IO) option – available
    • Keep property under LLC – allowed
    • Non-occupant co-borrower – allowed
    • Foreign national borrower – allowed
    • First-time investor – allowed
    • Self-employed investors are welcome
    • Fast efficient closings of 1031 exchange
    • Excellent loan product for long term investors
    • Not a HARD MONEY Loan!

     

    Get a FREE
    Formal Lender Pre-Approval Letter

     

    No appointments necessary
    Mortgage Bankers hours 8am-5pm PDT

    DSCR Loan Features
     

    • Borrow from $150,000 to $3,500,000
    • Purchase, Refinance and Cash-out loans
    • Get a 30yr Fixed rate, 40yr Fixed IO rate, or ARM loan
    • Interest-Only features are allowed for 40yr Fixed (10yr IO + 30yr P&I), and ARM loans
    • Interest rate buy-down option available
    • Cash-out up to $1,000,000
    • DSCR as low as .75 (Negative cash flow – OK)
    • Refinance up to 75% LTV (for SFR) Lower rates with smaller LTV
    • Purchase up to 80% LTV (for SFR) Lower rates with smaller LTV
    • No Prepayment Penalty after 36mo (Ask for shorter prepayment period)
    DSCR Loan Qualification
       

    • Qualify on property’s rental income
    • No personal income verification
    • No tax returns or financials needed
    • No Dept-to-Income (DTI) Ratio
    • No Limit on financed properties
    • No lease is needed (Market rent can come from appraisal)
    • Use IO feature to calculate DSCR of Fixed or ARM loan
    • Gifts are allowed for Down Payment (subject to terms)
    • Minimum credit score 620 (Get better rate with higher FICO)
    • Low reserve requirement
    • No recent foreclosure or bankruptcy
    • Close mortgage in 14 days (after appraisal)
    Benefits of Modular Homes

     

    Modular Homes have always been an affordable, practical and convenient housing solution – and in the last decade, they have evolved to become a stylish, adaptable and modern housing option in their own right.

    Benefits of Modular Homes:

    • They are built to the same standards as site-built homes. Modular homes are built to the same building codes and standards as site-built homes. This means that they are just as safe and structurally sound.
    • They are often more affordable than site-built homes. Modular homes are often more affordable than site-built homes because they are built in a factory and then transported to the building site. This can save time and money on construction costs and can result in better cash-flow of rentals
    • They are more energy-efficient. Modular homes are often more energy-efficient than site-built homes. This is because they are built with high-quality materials and construction techniques.
    • They built in a variety of styles. Modular homes are built in a variety of styles, from traditional to modern.
    • Quick and easy long-term financing. You can get a 30 or 40 year DSCR mortgage for a 1 to 4 units investment property based on its current or anticipated rental income. Loan amount range $150,000 to $3.5 million. To qualify, we’ll check your credit and require a down payment (or refi equity). No income or employment verification, no debt-to-income ratio, no tax returns, no financials needed.
    • When financing Modular Homes, DSCR loans allow you to close title in your personal name, trust name or that of an LLC. .
    • A Modular Home is 1031 exchange eligible

    Get a FREE
    Formal Lender Pre-Approval Letter

     

     

    Built to rent  modular housing


    Built to rent modular housing

    Modular houses can provide good rental cash-flow for investors. They are typically less expensive to purchase than traditional site-built homes. Additionally modular homes are also often more energy-efficient than site-built homes, which can save money on utility bills.

    Here are some additional things to consider when investing in modular homes:

    • Location: The location of your modular home is important for both rental cash flow and appreciation. You want to choose a location that is in high demand and has a strong rental market.
    • Size: The size of your modular home will also affect your rental cash flow. A larger home will typically rent for more, but it will also cost more to build and maintain.
    • Condition: The condition of your modular home is also important. A well-maintained home will be more attractive to renters and will command a higher rent.

    By considering all of these factors, you can increase your chances of success when investing in modular homes.

    Use our simple loan application process to accelerate the growth of your real estate investment portfolio.

    No appointments necessary
    Mortgage Bankers hours 8am-6pm PDT

    Hard Money? No!

    Use DSCR Superior Alternative to
    Hard Money Loans

    Our DSCR Loan Program is a superior alternative to Hard Money Loans, which can suffer from a painfully slow approval process. Many lenders, among other things, are also interested in your personal debt-to-income ratio.

    Hard Money loans also have balloon payments and are more expensive. Expect to pay double-digit interest rates and several point origination fees.

    Take advantage of our quick funding long-term DSCR financing instead of a Jumbo conventional mortgage, which often requires a higher credit score, as well as personal income and employment documentation.

    DSCR loans for metal and wood modular homes


    DSCR loans for metal and wood modular homes

    DSCR mortgages for modular log homes


    DSCR mortgages for modular log homes

    As a direct lender, OptionWide® Financial makes all credit decisions and exceptions in-house, providing flexible qualification and faster funding.

    OptionWide® provides mortgage financing in 34 states. With us, you’ll be able to get more money at the best available interest rate and loan terms.

    With fully automated systems and highly qualified mortgage bankers eager to assist with the application process, you can expect lower costs, less frustration, and faster funding!

    Request a FREE formal pre-approval letter to give you an advantage when looking to purchase your next investment property.

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    Fill out this form and a Mortgage Banker will guide you
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      Fill out this form and our Loan Banker will guide you through the final application step

       

       

       

      Contact Mortgage Banker

      Quick Response Form

      FREE Formal Pre-Approval Letter


        400 available characters

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