In manufactured home buying, buyers' needs and preferences are as diverse as the home options. From financial constraints to lifestyle choices, each buyer brings unique circumstances. Recognizing this diversity, Triad Financial Services, which has been in the manufactured housing space since 1959, is constantly evolving to meet the changing needs of our buyers. Jose Villareal, the SVP of Community Lending, gives these tips on how Triad can help in many different circumstances.
"Here's how we tailor our financing solutions to accommodate the diverse needs of manufactured home buyers":
Flexible Loan Terms: One size rarely fits all, especially regarding financial matters. That's why we offer a range of loan terms to accommodate different economic situations. Whether a buyer is looking for a shorter payoff period to minimize interest payments or prefers a longer term for lower monthly payments, our flexible loan terms empower borrowers to choose what aligns best with their budget and financial goals.
Variable Down Payment Options: We understand that not every buyer has the same financial capabilities, so we provide various down payment options based on the borrower’s credit history. By offering flexibility in down payment amounts, we empower buyers to choose an option that suits their preferences and circumstances. Whether someone wants to make a larger down payment to reduce their monthly payments or needs a more accessible entry point into homeownership, we're here to accommodate their needs.
Collaboration with Dealers and Community Owners: Navigating the manufactured home market can be complex, especially for first-time buyers. We prioritize collaboration with manufactured home dealers and communities to create integrated financing solutions. By working closely with industry partners, we ensure a seamless experience for buyers while addressing specific considerations unique to the manufactured home market. Our collaborative approach puts buyers at ease, whether coordinating with dealers to streamline the purchasing process or collaborating with community owners to address land lease agreements.
Whether you're a seasoned buyer looking to upgrade or a first-time buyer stepping into homeownership, we're here to customize solutions that meet your needs.
See Triad’s blog about the Benefits to Owning a Manufactured Home.