Vanderbilt Mortgage

• Variety of Loan Types
• Manufactured and Mobile Home Financing
• Home UpGrade Loan
• Pre-owned Home Partner Network
• Variety of Payment Options
• Homebuying Resources and Education

Variety of Loan Types

Vanderbilt Mortgage offers a variety of loan types:

• Portfolio Home Loan — a non-government loan product with fewer requirements and a quicker loan process
• Land & Home Mortgage — a loan program that allows you to finance a new home, land, and land improvements all in one monthly payment
• BiWeekly Advantage — a loan with the convenience of automatic payments every two weeks, providing the potential to own your home sooner
• Fresh Start Home Loan — a loan program intended for homebuyers with less-than-perfect credit
• Home UpGrade Loan — a loan program specifically designed to finance home upgrades
• Direct Lending — a loan program for the purchasing a pre-owned, manufactured, modular, or mobile home from a private seller

Manufactured and Mobile Home Financing

Vanderbilt Mortgage is unique because it specializes in financing options for manufactured and mobile homes. Options include new and used manufactured and modular home financing and land financing as well.

In addition to the financing options, Vanderbilt also offers several resources to help you in the home buying process. One feature includes a mobile home finder. You can easily browse mobile homes in your budget to find the most affordable housing possible.

Home UpGrade Loan

The Vanderbilt Mortgage Home UpGrade Loan program is an affordable, long-term mortgage solution for home upgrade expenses — anything from energy efficiency upgrades to emergency repairs. The program features a fixed rate and zero percent down payment, making it more accessible for all homeowners. This loan program also features the following term options:

• 5–10 year financing
• Loan amounts from $2,500–$25,000
• Low monthly payments
• No prepayment penalty
• Direct payment to contractor

The Home UpGrade Loan finances some of the following home upgrades:

• Appliances
• Windows
• Insulation
• Doors
• Air sealing
• Water heaters
• Heating and air conditioning
• Duct systems

The Home UpGrade Loan is only available in the following 21 states:

It is important to note that Home UpGrade Loan rates and terms are subject to change, and all loans are subject to credit approval.

Pre-owned Home Partner Network

If you are looking to purchase a pre-owned home — manufactured, mobile, or not — Vanderbilt Mortgage has a large and trusted network of home partners that can help you find your perfect home.

Variety of Payment Options

Vanderbilt Mortgage has a variety of payment options, allowing you to choose the best option for you. You can choose to pay online through your Vanderbilt Mortgage account, through which you can also set up automatic payments. In addition, you can make payments by phone, check, money order, or money transfer service.

Homebuying Resources and Education

Vanderbilt Mortgage provides several educational tools and resources for homebuyers on its website. For example, it has a mortgage calculator and informational guides to help borrowers learn about and prepare for the mortgage process.

If you are a first-time homebuyer, these tools and resources will be especially beneficial to you.

• Undefined Traditional Loan Options

Undefined Traditional Loan Options

While Vanderbilt Mortgage offers a variety of specialized loan options, including loans for manufactured or mobile homes, as well as home upgrade loans, it is unclear if the lender has traditional loan options or government-backed loan options, such as FHA, VA, or USDA loans. 

If you are interested in a conventional loan or a government-backed loan, you will need to contact Vanderbilt Mortgage to see which options may be available to you.