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Loans more Available for Factory-built Home Buyers

MarketWatch informs MHProNews manufactured and modular home builder Deer Valley Corp.’s wholly-owned subsidiary, Deer Valley Financial, Inc., (DVF) has entered an agreement to provide CIS Home Loans with a $2.5 million line of credit to increase its portfolio of retail mortgages for buyers of manufactured and modular homes. This will allow CIS to offer bridge “construction-to-permanent loans” and the ultimate resale of the loan to government or private entities. Since it began in 2009, DVF’s financing has been available only to dealers of Deer Valley homes to acquire inventory. The partnership with CIS will now provide financing for retail buyers of manufactured and modular homes, primarily in south central U. S.

(Image credit: texaslendingtoday)

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