FINANCING

FINANCING

FINANCING

Financing Your 
New Home

************

About the Financing Process

To start the financing process, we recommend a meeting with Jim Audette, our in house Financial Advisor, to allow him to pre-qualify prospective buyers to determine which lenders and financing programs will best meet their needs.

There are a myriad of lenders and loan programs that are available to assist customers in the purchase of our various housing options. Our goal is to advise our buyers as to the most affordable means of financing the home of their dreams.

A result of the pre-qualification meeting is determining what a lender will consider to be the maximum loan amount that a borrower will qualify for. Once this has been determined then a housing budget can be considered. Often times, the maximum monthly payment that a lender deems affordable to a borrower may not agree with what the borrowers themselves feel that they can afford. In either case; then it becomes incumbent of our Housing Consultants try to work within a budget that will result in a monthly payment that is affordable and comfortable for our purchasers.

A great benefit to our customers is that this pre-qualification process means that they won’t necessarily have to “shop around” for advantageous financing. We pride ourselves keeping up with an ever-changing mortgage financing marketplace.

 At the conclusion of a pre-qualification appointment, if a prospective borrower wishes to move forward using Jim’s assistance, they will be provided with a complete list of supporting documents that will be needed by their lender to accompany their application. By providing a lender with a “complete” application package, the time frame that the mortgage financing process can take will be largely reduced.

Another notable advantage in using Jim’s 33 plus years of experience with mortgage loan financing is just that; Jim’s experience. Certain lenders tend to make the process more difficult than it should or needs to be. Jim’s experience provides him with the unique ability to cut through unnecessary red tape on a borrower’s behalf. In fact, in countless cases, Jim’s knowledge of the ins and outs of mortgage loan finance has helped borrowers who initially receive Notices of Denial, turn into Notices of Credit Approval.

How We Can Help

Countless times in my 34 years in the industry I have noticed customers varying levels of anxiety about their prospective purchase of factory-built housing. Invariably, a major cause of this anxiety is the necessity of pursuing construction loan financing.

Granted, the task of obtaining construction loan financing can be daunting. Terms like site work estimates, disbursement schedules, debt to income ratios, and loan to value are foreign to the average layperson. These terms are not foreign to the professionals here at Beans Homes, New England Home Crafters and Factory Direct Homes of Vermont.

For more than 40 years Bean’s homes have prided ourselves in keeping the pulse of the mortgage lending industry. This attention to the industry allows us to provide intelligent, accurate information to our homebuyers. Therefore, our homebuyers are able to make financing decisions that best fit their individual circumstances and needs.

In addition to helping our buyers make sensible financing choices, we are able to help a borrower provide a lender with the documentation that they require to allow them to make underwriting decisions in a timely manner.

In short, our experience in mortgage loan financing is another example of our sincere goal of making the home buying process as hassle free as possible for our buyers.


Financing Your New Home

************

How We Can Help

Countless times in my 34 years in the industry I have noticed customers varying levels of anxiety about their prospective purchase of factory-built housing. Invariably, a major cause of this anxiety is the necessity of pursuing construction loan financing.

Granted, the task of obtaining construction loan financing can be daunting. Terms like site work estimates, disbursement schedules, debt to income ratios, and loan to value are foreign to the average layperson. These terms are not foreign to the professionals here at Beans Homes, New England Home Crafters and Factory Direct Homes of Vermont.

For more than 40 years Bean’s homes have prided ourselves in keeping the pulse of the mortgage lending industry. This attention to the industry allows us to provide intelligent, accurate information to our homebuyers. Therefore, our homebuyers are able to make financing decisions that best fit their individual circumstances and needs.

In addition to helping our buyers make sensible financing choices, we are able to help a borrower provide a lender with the documentation that they require to allow them to make underwriting decisions in a timely manner.

In short, our experience in mortgage loan financing is another example of our sincere goal of making the home buying process as hassle free as possible for our buyers.

About the Financing Process

To start the financing process, we recommend a meeting with Jim Audette, our in house Financial Advisor, to allow him to pre-qualify prospective buyers to determine which lenders and financing programs will best meet their needs.

There are a myriad of lenders and loan programs that are available to assist customers in the purchase of our various housing options. Our goal is to advise our buyers as to the most affordable means of financing the home of their dreams.

A result of the pre-qualification meeting is determining what a lender will consider to be the maximum loan amount that a borrower will qualify for. Once this has been determined then a housing budget can be considered. Often times, the maximum monthly payment that a lender deems affordable to a borrower may not agree with what the borrowers themselves feel that they can afford. In either case; then it becomes incumbent of our Housing Consultants try to work within a budget that will result in a monthly payment that is affordable and comfortable for our purchasers.

A great benefit to our customers is that this pre-qualification process means that they won’t necessarily have to “shop around” for advantageous financing. We pride ourselves keeping up with an ever-changing mortgage financing marketplace.

 At the conclusion of a pre-qualification appointment, if a prospective borrower wishes to move forward using Jim’s assistance, they will be provided with a complete list of supporting documents that will be needed by their lender to accompany their application. By providing a lender with a “complete” application package, the time frame that the mortgage financing process can take will be largely reduced.

Another notable advantage in using Jim’s 33 plus years of experience with mortgage loan financing is just that; Jim’s experience. Certain lenders tend to make the process more difficult than it should or needs to be. Jim’s experience provides him with the unique ability to cut through unnecessary red tape on a borrower’s behalf. In fact, in countless cases, Jim’s knowledge of the ins and outs of mortgage loan finance has helped borrowers who initially receive Notices of Denial, turn into Notices of Credit Approval.

A Note From One Of Our Valued Customers...

"I would like to recognize Jim Audette for his customer service. I have been working with Jim for approximately one year in the home buying process. He has been instrumental in my being able to actualize the American Dream of home ownership.
  • He was knowledgeable about the mortgaging options and was able to help me secure financing that best fit my situation.
  • His presence helped to clarify financial issues that in my closing costs being reduced.
  • He was able to problem solve, issues and keep going forward in the process and work through barriers.
  • The home buying process was not easy for me. Jim made it more understandable and navigated me through the process."
- Lucille M

A Note From One Of Our Valued Customers...

"I would like to recognize Jim Audette for his customer service. I have been working with Jim for approximately one year in the home buying process. He has been instrumental in my being able to actualize the American Dream of home ownership.
  • He was knowledgeable about the mortgaging options and was able to help me secure financing that best fit my situation.
  • His presence helped to clarify financial issues that in my closing costs being reduced.
  • He was able to problem solve, issues and keep going forward in the process and work through barriers.
  • The home buying process was not easy for me. Jim made it more understandable and navigated me through the process."
- Lucille M
Bean's Mobile, Manufactured and Modular Homes in Lyndonville, VT

Bean's Homes - 800.321.8688
New England Home Crafters - 866.230.0700
Factory Direct - 802.773.2555

Call Bean's Homes Email Us
Appointments are required to ensure availability to speak with a Housing Consultant 

Contact Us With Any Questions You Have About The Financing Process

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