Manufactured Home Loans
From Gulf Coast Bank Serving all of Metro New Orleans, Baton Rouge & the Northshore
If you’re looking for a mortgage loan on a manufactured home, we’re here to help!
Gulf Coast Bank Home Loans offers manufactured home loans in areas we serve including metro New Orleans & Jefferson Parish, Baton Rouge, Tangipahoa, St. Tammany as well as Florida & Texas.
Defining Manufactured Housing
According to official underwriting guidelines, a manufactured home is built in a controlled environment according to the Manufactured Home Construction and Safety Standards (“HUD Code” – 24 C.F.R. Part 3280), and secured on a permanent, nonremovable steel frame or chassis. The home can be built as one complete section, or in multiple sections, that are transported, assembled, and installed at the home site.
However, many people still refer to manufactured housing as “double wides”, “single wides”, or simply “mobile homes”.
Programs Available for Manufactured Housing
Manufactured homes may be eligible for many of the lending programs you’ve heard of including FHA, VA, Conventional, and Rural Housing Services
Underwriting guidelines change regularly, so please contact one of our home loan professionals near you to get the most current information on manufactured home loan options as well as to find out which programs may be best suited for your needs.
And given our position as a community bank, Gulf Coast Bank has experience in manufactured housing throughout our service area from Jefferson Parish to the Northshore, Baton Rouge, and everywhere in between.
Contact a Lender Near You To Get Started
Manufactured housing is becoming increasingly popular as an affordable housing option. And manufacturers have worked hard to continually improve the quality and features found in many manufactured homes, making them viable options for many individuals and families throughout the Gulf Coast.
Contact one of our loan officers near you to start the process today and find out what kind of manufactured housing loans may be right for you!
What Is Real ID?
The purpose of Real ID is to establish a consistent and, most importantly, a secure form of identification that protects you against fraud and identity theft as well as acts of terrorism.
The Real ID Act was created in response to the terrorist attacks on September 11, 2001. Unfortunately, some of the hijackers from these terrorist attacks used state-issued IDs to board the aircrafts. In the hopes to create a set standard of sources of identification, the Real ID Act was passed by Congress in 2005. Thus, the Real ID Act prohibits federal agencies that require you to present identification, such as airports, military bases, and federal courthouses, from accepting a state issued ID that is not Real ID-compliant.
Where To Get One
First, you cannot obtain a Real ID online. You will need to visit a local office of motor vehicles or, to avoid the crowded DMV, you can pay an additional convenience fee and obtain one at a notary and title office that is Real ID-compliant.
What Documents Do I Need?
To understand what documents are required, you must first understand what it is they are verifying. Real ID verifies your identity, lawful status, date of birth, social security information, and two (2) proofs of residence.
