Www.21Strepos (2025)

FAQs

Who is the owner of the 21st Mortgage? ›

About 21st Mortgage

Founded by CEO, Tim Williams, and retired CFO, Rich Ray, 21st Mortgage has always played an important role in the revitalization of downtown Knoxville, and continues to actively support local organizations in-and-around Tennessee.

21st Mortgage Corporation doesn't require a minimum credit score, and down payments typically range between 5% and 35%, depending on your credit score, collateral and property type. A 20% down payment is required for investment properties (that goes up to 35% for borrowers whose credit score is below 575).

21st Mortgage Corporation is a full service lender specializing in manufactured and mobile home loans. We originate and service a variety of loans to borrowers from manufactured home retailers, mortgage brokers and directly to consumers all over the USA. Apply for a manufactured home loan today.

21st Mortgage is not affiliated with or sponsored by any state or federal entity related to the HAF Program.

21st Mortgage was purchased by Berkshire Hathaway in 2003. The financial strength of Berkshire Hathaway allowed 21st Mortgage to exit the 2008 economic down turn as the strongest lender in the manufactured housing industry.

For conventional loans, you need a higher credit score of 680 or higher. FHA loans, on the other hand, are available to buyers with a lower credit score of 580. All of this of course will depend on your exact situation, so contact us today for more financing options on Clayton Homes.

We do not have a minimum credit score for most manufactured home only and land & home loans. For applicants scoring less than 575 and for zero credit score buyers, we have loan options available that may require higher down payments – usually a minimum of 35% in the form of cash, trade, or land equity.

The higher your credit score, the better your odds of getting approved for a mortgage. If you're young, though, you might need more time and experience using credit. “For young buyers, especially those in their mid-20s, building a solid credit history before applying for a mortgage is key,” says Shekhtman.

Class 3 Loan means a Collateral Loan (a) that is not a Class 1 Loan or a Class 2 Loan and (b) the relevant Obligor of which has an EBITDA of at least the Dollar Equivalent of $50,000,000 as calculated in accordance with the Related Documents and as most recently reported thereunder as of the date the Borrower acquires ...

If your manufactured home meets certain conditions, you may be able to qualify for federally backed mortgage loans from the Department of Veterans Affairs, Department of Agriculture or FHA. These loans tend to allow lower down payments and longer loan terms than personal or chattel loans.

Does Warren Buffett own mobile home parks? ›

Yet the disastrous loans that threaten them with homelessness or the loss of family land stem from a single company: Clayton Homes, the nation's biggest homebuilder, which is controlled by its second-richest man — Warren Buffett. Buffett's mobile home empire promises low-income Americans the dream of homeownership.

Minimum credit score of 550. Triad's program is not guaranteed solely by credit scores, all applicants must meet other program guidelines to qualify. Cosigners will be considered on a case by case basis to help applicants who lack seasoned or established credit.

(Mortgage Network), have been acquired by Movement Mortgage, LLC. (Movement). The transaction closed on November 30, 2022.

Emmanuel St. Germain | CEO – Choice Mortgage Group.

Albert Preciado is the Founder and CEO of The Mortgage Guys, Ambiance Realty and Driven Enterprises. Albert is also a Real Estate Investor. In 2013 Albert bought a 3 unit property and like everything else Albert does he went all in and acquired as many multi-units as possible.

Stanley C. Middleman is the founder and Chief Executive Officer of Freedom Mortgage Corporation, the nation's sixth largest mortgage lender, headquartered in Boca Raton, FL. Freedom Mortgage has been in business since 1990, offering wholesale, retail, commercial, correspondent and servicing operations.