Vanderbilt Mortgage, founded in 1974, specializes in home loans for new and used mobile and manufactured housing. Another unique financing option that Vanderbilt Mortgage offers is a loan used for energy efficient home improvement projects or emergency repairs.
Jump down to the below to see what customers are saying about their experience.
Vanderbilt Mortgage offers a variety of loan types:
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.
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:
The Home UpGrade Loan finances some of the following home upgrades:
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.
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.
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.
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.
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.
Vanderbilt Mortgage should be at the top of your list if you are comparing financing options for mobile and manufactured housing. It is one of the few mortgage lenders that offers a variety of options for this kind of housing.
If you are looking for a mortgage lender with loan options for a traditional house then it would be best to look at other lenders that can better suit your needs.
Currently, Vanderbilt Mortgage reviews are very limited, and we are unable to provide an accurate recommendation of this mortgage lender at this time.
Sheila Henson Camden, MS
4 years ago
6 years ago
juli fuller Panama City, FL
4 years ago
Wayne Fuller Bloomfield, NM
5 years ago
Jesse Prince Tulsa, OK
1 year ago Edited May 11, 2022
5 years ago
States Serviced by Vanderbilt Mortgage
District Of Columbia
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