in-house financing
Las Lomas offers a variety of in-house financing options for those looking to purchase a home. These options typically involve working directly with the finance department to create a package that includes the cost of the home, site preparation, and any necessary installation and utility hook ups. In-home financing can make the home buying process easier and more streamlined, as buyers only have to work with one party for both the home purchase and financing. Additionally, Las Lomas’ in-house financing options may offer competitive interest rates and flexible repayment terms, making homeownership more accessible and affordable for those who may not have a large down payment or a well-established credit history. Contact us today to learn more about the financing options available at Las Lomas manufactured housing community.
(903) 698-7770
financing information
Our goal is to do everything we can to help you get approved for financing and be able to buy a home. In order to do this, there are a few things that are needed for approval:
- Valid photo ID (Passport, State Issued ID, DL, Matricular Card, etc)
- Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
- Verifiable income (6 months of employment, paystubs, and 3 months of bank statements).
Our in-house financing options follow standard Federal Housing Administration (FHA) guidelines and have the following features:
- Flexible loan term.
- Fixed interest rate.
- Low down payment.
- No prepayment penalty.
- No minimum credit score.
- No hidden fees.
Closing Process
Our closing process not only allows us to approve buyers that may have a hard time getting lending from other sources, but also is quick. We are able to approve and close buyers in as little as two weeks. You can expect the following process:
- You visit the property and tour available homes.
- You submit your application with supporting documentation.
- Your application undergoes underwriting.
- If approved, you receive disclosures electronically.
- You set a closing date with your salesperson.
- You close on your home.
- Three business days later you can move in.
experience the First Step Homes difference
providing attainable manufactured housing ownership
