Read our review of
21st Mortgage Corporation
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At a glance
NMLS: 2280
Editor's take
While big names in the mortgage industry often shy away from manufactured housing, this segment is 21st Mortgage Corporation’s only focus. The company offers financing for many types of manufactured homes — including those without a permanent foundation — and it doesn’t mandate a minimum credit score. However, down payment requirements and interest rates can be quite high.
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
3.7
Rating: 3.7 stars out of 5
Loans offered
Manufactured/mobile home loans
Min. credit score required
N/A
Nationwide availability
All U.S. states except Alaska, Hawaii, Massachusetts and Rhode Island
Min. down payment
None
At a glance
NMLS: 2280
3.7
Rating: 3.7 stars out of 5
Bankrate Score
Loans offered
Manufactured/mobile home loans
Nationwide Availability
All U.S. states except Alaska, Hawaii, Massachusetts and Rhode Island
Min. credit score required
N/A
21st Mortgage Corporation overview
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Pros and cons of 21st Mortgage Corporation
Pros
-
Offers no-down-payment option for well-qualified buyers
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No minimum credit score for most purchases
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No mortgage insurance requirement
Cons
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Borrowers with credit scores below 575 need larger down payments – typically 35 percent
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No financing for homes that need repairs
Our Editor’s Take on 21st Mortgage Corporation
While big names in the mortgage industry often shy away from manufactured housing, this segment is 21st Mortgage Corporation’s only focus. The company offers financing for many types of manufactured homes — including those without a permanent foundation — and it doesn’t mandate a minimum credit score. However, down payment requirements and interest rates can be quite high.
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