New Horizon Mortgage Concepts thrives on helping our Customers obtain the type of Financing that best addresses their individual and unique requirements. The types of Loan Products we offer include Conventional Financing i.e. Programs backed by Fannie Mae and Freddie Mac) as well as all of the available Government Programs such as FHA, VA, USDA and Reverse Mortgages (HECM).
These Programs are insured by the Federal Government (to varying extents) and that is generally reflected in the lower Interest Rates associated with these Programs. In addition, Government Loan Products tend to be a little more forgiving with regard to Credit Score requirements. We also have access to "Private Investor" Financing for those Scenarios that fall outside of the Conventional and Government Guidelines.
Over the course of our many years of providing Home Financing in California, New Horizon Mortgage Concepts has come to specialize in two important Lending Genres. Beginning in June of 1976, Building Codes for Manufactured Homes were standardized and clearly delineated.
These Programs are insured by the Federal Government (to varying extents) and that is generally reflected in the lower Interest Rates associated with these Programs. In addition, Government Loan Products tend to be a little more forgiving with regard to Credit Score requirements. We also have access to "Private Investor" Financing for those Scenarios that fall outside of the Conventional and Government Guidelines.
Over the course of our many years of providing Home Financing in California, New Horizon Mortgage Concepts has come to specialize in two important Lending Genres. Beginning in June of 1976, Building Codes for Manufactured Homes were standardized and clearly delineated.
Services
Our promise is to create mortgage plans that best fulfill your long or short term needs and we have all the tools and contacts at our disposal to get the job done right!
We've developed this site to allow you to get to know our company and it's products a bit better, as well as to make all of our information available to you 24 hours a day.
As your Mortgage Planner, our professional staff of quality driven personnel will make your buying (or refinancing) experience both enjoyable and financially rewarding!.
We've developed this site to allow you to get to know our company and it's products a bit better, as well as to make all of our information available to you 24 hours a day.
As your Mortgage Planner, our professional staff of quality driven personnel will make your buying (or refinancing) experience both enjoyable and financially rewarding!.
New Horizon Mortgage Concepts can assist you in purchasing a Manufactured Home as we offer a number of different Loan Programs to help you meet your Financing Objectives.
We're happy to say that can provide a full spectrum of Loan Programs so that you can determine what Loan Program best suits your needs.
Here are the Financing Options available:.
We have up to "30 Year Loan Terms" and Highly Competitive "Interest Rates" (Fixed & Adjustable).
We've worked with this Company for nine years and they are truly a "one stop shop".
We're happy to say that can provide a full spectrum of Loan Programs so that you can determine what Loan Program best suits your needs.
Here are the Financing Options available:.
We have up to "30 Year Loan Terms" and Highly Competitive "Interest Rates" (Fixed & Adjustable).
We've worked with this Company for nine years and they are truly a "one stop shop".
New Horizon Mortgage Concepts understands the nuances of providing Financing for Mobile Homes.
If you ask different people what the difference is between a Mobile Home and a Manufactured Home you'll most likely get a variety of answers.
Simply put, a Mobile Home is "mobile" because it's not secured to a Permanent Foundation.so in reality a Mobile Home is "Personal Property" rather than "Real Property".
In order for New Horizon Mortgage Concepts to provide Financing for a Mobile Home, a Permanent Foundation must be installed prior to the Loan Funding.
If you ask different people what the difference is between a Mobile Home and a Manufactured Home you'll most likely get a variety of answers.
Simply put, a Mobile Home is "mobile" because it's not secured to a Permanent Foundation.so in reality a Mobile Home is "Personal Property" rather than "Real Property".
In order for New Horizon Mortgage Concepts to provide Financing for a Mobile Home, a Permanent Foundation must be installed prior to the Loan Funding.
One of the most interesting Loan Programs available today is the VA Home Loan which is offered through the Veteran's Administration.
The roots of this Program can be found in the "Servicemen's Readjustment Act of 1944" (commonly known as the G.I. Bill of Rights) which was implemented to offer Veterans a variety of Benefits in recognition of their Service.
These Benefits included "start up funds" for Businesses, Money for Tuition and the availability of Financing for the Purchase of a Home.
In reality, the VA does not actually lend money but rather "insures" the Loans that Lending Institutions make.similar to the way the Federal Housing Administration insures Loans.
The roots of this Program can be found in the "Servicemen's Readjustment Act of 1944" (commonly known as the G.I. Bill of Rights) which was implemented to offer Veterans a variety of Benefits in recognition of their Service.
These Benefits included "start up funds" for Businesses, Money for Tuition and the availability of Financing for the Purchase of a Home.
In reality, the VA does not actually lend money but rather "insures" the Loans that Lending Institutions make.similar to the way the Federal Housing Administration insures Loans.
You can use the Mortgage Calculator below to determine what your Mortgage Payment will be (Principle & Interest only) based on a Loan Amount.
Or.
You can enter a Monthly Payment and see what the corresponding Loan Amount will be.
In either case, enter an Interest Rate as well as the Term of the Loan (expressed in months - for example: 360 months = 30 years).
You'll also see an Amortization Chart that shows you how much of each payment goes to the Principle and Interest.
The Amortization Chart is interesting because it shows how the portion of the Monthly Payment that goes to the Principle Balance, as well as the Interest, changes over the course of the Loan Term.
Or.
You can enter a Monthly Payment and see what the corresponding Loan Amount will be.
In either case, enter an Interest Rate as well as the Term of the Loan (expressed in months - for example: 360 months = 30 years).
You'll also see an Amortization Chart that shows you how much of each payment goes to the Principle and Interest.
The Amortization Chart is interesting because it shows how the portion of the Monthly Payment that goes to the Principle Balance, as well as the Interest, changes over the course of the Loan Term.
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