Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > Business, Company News, Factory-Built Homes, home buyers, Manufactured Homes, Modular, News Item > Loans more Available for Factory-built Home Buyers

Loans more Available for Factory-built Home Buyers

April 17th, 2013

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)


Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
Comments are closed.