Vanderbilt Mortgage
Is This Your Business?Author: Kalicia Bateman
Vanderbilt offers a variety of products—serving homeowners for over 40 years and helping 200,000 borrowers obtain loans. It offers traditional home loans, but specializes in home loans for new and used mobile and . Another unique option that Vanderbilt offers is a loan used for energy efficient home improvement projects or emergency reparis. If you need to fianance a new home or just do a few upgrades, Vanderbilt Mortgage can help with both.
Vanderbilt is dedicated to empowering potential homeowners with the knowledge and resources that they need to make the best decision for them. Its website offers comprehensive information that is beneficial to first-time homebuyers that don't know much about buying a .
Jump down to the below to see what customers are saying about their experience.
Top Ranked Companies
The Good
- Manufactured & Mobile Home
- Manufactured & Mobile Home Tools
- Resources and Education
Manufactured & Mobile
Vanderbilt is unique because it specializes in a variety of options for manufactured and mobile homes. Some of its options include new and used manufactured and modular home and land as well. Below are two specific options that are incredibly unique to Vanderbilt:
Biweekly advantage : This unique is structured so that your normal is broken up into two, lesser monthly payments, one every two weeks. The reward of doing this is that you pay more of the principle up front first and increase your odds of paying off the .
Land home : If you are looking to buy a mobile home and the land to put it on then this wraps up all the costs for your new home, land, land improvements and fees all in one with one .
If you are in the market for a mobile home or then Vanderbilt is one of the best options to secure this type of
Specialty Upgrade
Vanderbilt has a specialty called a Home UpGrade (HUG). The HUG makes it easy to energy efficient upgrades or emergency repairs on your manufactured home. With this , Vanderbilt aims to make the easy to access, hoping to encourage borrowers to make their homes more green and energy efficient for the environment. Here are the guidelines:
- amounts from $2,500 to $25,00 (varies by )
- Long term (5–10 years)
- Affordable
- Zero prepayment penalty
- Transparent
If you already have a for your mobile home, then this specialty HUG is a great options if all your needing is a few upgrades.
Manufactured & Mobile Home Tools
In addition to the 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 possible.
Not all lenders offer these speciality tool and expertise, making Vanderbilt a great option if you are hoping to purchase this kind of home.
Resources and Education
Vanderbilt provides several educational tools and resources for homebuyers on its website. For example, it has a and informational guides to help borrowers learn about and prepare for the .
If you are a first-time homebuyer, there are many tools and resources that will be especially beneficial to you.
The Bad
- Undisclosed Details
Undisclosed Details
Vanderbilt has not disclosed details about the type of options for traditional mortgages. Those that are looking to by a traditional home will need to contact one of its representatives to have more information about the options.
In addition, Vanderbilt has not disclosed information about its fees, , or requirements. This may be frustrating for borrowers who would like to have more information, but it is not very common for lenders to divulge these factors without getting further along in the .
The Bottom Line
Vanderbilt should be at the top of your list if you are comparing options for mobile and . It is one of the few lenders that offers a variety of options for this kind of .
On the other hand, If you are looking for a with options for a traditional house then it would be best to look at other lenders that can better suit your needs.
Wayne Fuller Bloomfield, NM
8 years ago
