1. What States does Forward National do business in? 2. What are the interest rates? 3. Is there a difference between manufactured homes     and mobile homes? 4. What is the procedure to finance a manufactured home? 5. How much down payment do I need to buy a manufactured home? 6. Does Forward finance manufactured homes on land? 7. Is there a model year limitation on manufactured home financing? 8. Do I have to have good credit to finance a manufactured home? 9. How much are closing costs? 10. Is there any application fee? 11. Is there any prepayment or early termination fee on our loans? 12. How soon will I get an answer once I apply? 13. How soon after I am approved will we close? 14. Does Forward finance 2nd/vacation homes? 15. Does Forward finance investment or non-owner occupied homes? 16. How do I apply?

1. What States does Forward National do business in?

Forward National presently does business in Arizona, California, Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

2. What are the interest rates?

Interest rates vary depending upon the numerous products offered and by the amount being financed, so if you would like to receive a specific quote, we encourage you to contact our Regional Manager in your area for a custom rate quote. For more general rate information or to apply today, either fill out our online loan application or contact the friendly people in our Credit Department at 1-800-805-4668.

3. Is there a difference between manufactured homes and mobile homes?

They are the same. Manufactured homes replaced mobile homes because it was no longer realistic to believe today's modern manufactured homes were "mobile". The industry, recognizing this fact, began to call them manufactured homes or "factory-built housing".

4. What is the procedure to finance a manufactured home?

The general procedure is to find a home you would like to buy, apply online or through our Credit Department and close your loan with one of our Regional Managers in your region at a mutually convenient time.

5. How much of a down payment do I need to buy a manufactured home?

We offer a variety of programs; some differ by state. Down payment requirements range from 5% to 15%. You can expect an average down payment to be 10% of the total selling price.

6. Does Forward finance manufactured homes on land?

Yes, we finance manufactured homes on land with land mortgages. We also finance homes in parks, subdivisions, condominium ownership developments and co-ops in most of the states we do business in.

7. Is there a model year limitation on manufactured home financing?

Generally, the limitation is 1976 and newer homes, but depending on the state you reside in, we can finance homes manufactured as far back as 1970, with exceptions beyond that.

8. Do I have to have good credit to finance a manufactured home?

Good credit is a very relative concept, but generally speaking the credit has to be good. For more information, see our General Credit FAQs.

9. How much are closing costs?

Closing costs range in amount based on whether the home is on land and requires all the costs of land closings (i.e. title search, title insurance, recording fees, attorney costs) or is in a park and requires only nominal fees (although some states consider mobile homes in park just like real estate) for things like flood search, documentation fee and recording fees. Closing costs can be financed when you refinance if you have sufficient equity in your home. The most accurate way to determine closing costs is to contact your Regional Manager.

10. Is there any application fee?

There is no fee whatsoever to apply with us.

11. Is there any prepayment or early termination fee on our loans?

Never! You only pay interest for the time you borrow the money.

12. How soon will I get an answer once I apply?

In most cases, we respond to a completed application within 24 to 48 hours.

13. How soon after I am approved will we close?

Once you are approved, our Regional Manager will contact you to set up the closing. If you finance land with your home, then an appraisal is required as well as a title search. These procedures usually take 10 days or more. On a simple park loan, closing can be within a few days, if you so desire.

14. Does Forward finance 2nd/vacation homes?

Yes, we finance 2nd/vacation homes for qualified applicants.

15. Does Forward finance investment or non-owner occupied homes?

No, homes we finance must be non-investment, owner occupied only.

16. How Do I Apply?

You can apply online using our secure consumer loan application.