Mortgage lender eLEND, a consumer-facing division of American Financial Resources, Inc. (AFR), announced an expansion of its Manufactured Home Financing and Chattel Home-Only Financing program. 

Now available in 45 states nationwide, the program aims to provide a financing opportunity for securing manufactured housing to traditional and first-time homebuyers searching for their dream homes. This program will still be offered under ManufacturedHome.loan, a secondary consumer-facing division of AFR specializing in manufactured home lending, and will now be able to reach many more families, the company said in a statement.

The programs can help prospective buyers obtain chattel financing for manufactured or mobile homes that are not permanently affixed to the land whether it’s on private land or in a park.  Available programs may provide eligible borrowers an option for a 5% down payment and the opportunity to finance closing costs, with terms of up to 25 years for new construction and 23 years for existing homes.

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