Does JCF Finance Brand New Mobile Homes coming from a Dealer?
No. There are several reasons why we do not finance brand new mobile homes from dealers. First and foremost, our approvals are only good for 60 days. Normally, it takes between 90-120 days to have a mobile home built and delivered. Our approval would not be valid at the time of delivery. Second, the dealer is responsible for any and all warranties, either written or implied. When a lender agrees to finance a brand new mobile home, they are, as well, bound to any promises made by the dealer. If the dealer goes out of business or does not fulfil their obligation, the lender must do this. Finally, reputable dealerships have contracts in place with lenders that pay the dealership for application origination.
